Huo Xing Finance reports that on April 12, according to Forbes, after 21 hours of negotiations, U.S. Vice President Vance stated that no agreement was reached, as Iran refused to commit to abandoning its nuclear weapons program. Trump had previously warned that failure in negotiations would lead to the “total destruction” of Iran. The Iran conflict has unsettled the crypto market for weeks, compounded by tariff tensions, causing Bitcoin to briefly drop below $70,000 earlier this month. Prior to the start of negotiations, crypto analysts indicated that if an agreement were reached, Bitcoin could rise to $80,000; if talks collapsed, it could fall back to $65,000. Bullish participants note that on-chain wallet data shows the largest Bitcoin whales continued buying—rather than selling—during the most intense periods of geopolitical turmoil. Their logic is that if the conflict escalates further and disrupts oil supplies in the Persian Gulf, rising oil prices and renewed inflation could prompt the Federal Reserve to delay rate cuts, under which scarce assets like Bitcoin and gold typically perform well. On the bearish side, gold trader and long-term Bitcoin bear Peter Schiff stated that as the conflict intensifies, investors will flee Bitcoin in favor of gold. Schiff predicted Bitcoin will “crash,” asserting that gold is the only true safe-haven asset during wartime, and further suggested that insiders within the administration may be profiting from volatility surrounding the conflict. If Trump follows through on his “total destruction” threat, both stock and crypto markets would almost certainly face synchronized sell-offs. Regarding next steps, Vance maintained a firm stance in his press conference but did not rule out further negotiations. The Speaker of Iran’s Parliament demanded a ceasefire in Lebanon and the unfreezing of assets before participating in formal talks. For Bitcoin traders, the next 72 hours hinge on two key questions: whether a ceasefire can be sustained, and whether Trump will escalate the conflict. Meanwhile, large whale wallets continue buying at current price levels, suggesting at least some major investors are betting on stabilization.
US-Iran talks fail; analysts predict Bitcoin may drop to $65,000
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Summary
Bitcoin news broke on April 12, 2026, as US-Iran talks collapsed after 21 hours, with Iran refusing to halt its nuclear program. Analysts had forecast Bitcoin could rise to $80,000 if a deal were reached, or fall to $65,000 if talks failed. The market has experienced weeks of volatility. Major Bitcoin holders are buying amid the turmoil, anticipating oil shocks and Fed delays. Peter Schiff warned of a potential shift toward gold amid rising tensions. Traders are closely monitoring the next 72 hours for signals. Altcoins may react sharply to the same geopolitical risks.
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