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The cryptocurrency market lost $83 billion after US-Iran negotiations failed
The total market capitalization of cryptocurrencies decreased by 3.6% from $2.47 trillion to $2.39 trillion in just one day. Bitcoin also dropped $3,200 and is currently holding at around $70,800, just $800 above the $70,000 mark.
The decline is attributed to the peace negotiations between the US and Iran ending without an agreement.