With US-Iran peace talks looking bleak, the market falls again: Bitcoin drops below $74,000, crude oil opens sharply higher, and US stock futures fall across the board.

BlockBeats News, April 20 — Due to bleak prospects for a second round of US-Iran negotiations, the crypto market fell again this morning. According to data from a certain exchange, Bitcoin dropped continuously by $2,000 this morning and briefly fell below $74,000, now quoted at $74,162.3. Ethereum fell below $2,300, now quoted at $2,274. The total cryptocurrency market value has evaporated by 2% in the past 24 hours, now standing at $2.589 trillion.

Popular tokens in the crypto market performed as follows in recent days:

Yesterday, Musk agreed for Asteroid to become SpaceX's mascot. On Ethereum, the Meme token ASTEROID (originally launched in September 2024) had its market cap peak at $194 million and has since fallen to $127 million, with a 24-hour gain left at just 14.7% and a 24-hour trading volume of $78 million.

RAVE has fallen to $0.52, dropping another 82% in the past 24 hours. Three hours ago, a multisig address (0x53d7) associated with the initial RAVE allocation sent about 23 million RAVE, worth up to $23 million, to two Bitget deposit addresses. Afterwards, the price of RAVE dropped 40% from $1 to $0.6.

Solana ecosystem Meme token SPIKE remains sideways, with a market cap around $7 million;
Solana ecosystem Meme token unc fell nearly 30% in 24 hours, with its market cap dropping to roughly $5 million.

In traditional markets, according to Bitget market data, spot gold dropped below $4,750 per ounce, down 1.76% on the day. Brent crude oil futures rose over $7, reaching a high of $97.50 per barrel. WTI crude oil opened 5% higher on Monday, quoted at $91.35 per barrel. All three major US stock index futures opened lower, with Nasdaq futures dropping 0.9%.