Bitcoin falls below $78,000, as negotiations between the U.S. and Iran again hit a stalemate, pushing up oil prices

Bitcoin dipped below $78,000 during Asia’s early trading on Monday, April 27. At the same time, Brent crude rose 1% to $106.50 per barrel due to a renewed breakdown in the second round of U.S.-Iran peace talks. U.S. crude (WTI) rose in parallel by 1% to $95.40 per barrel. Ether was at $2,335.24, and XRP was at $1.4230.

April 27 Crypto Market Price Performance

According to market data, as of Asia’s early trading on April 27, the quotes for the three major crypto assets were as follows: Bitcoin (BTC) fell below $78,000; Ether (ETH) was at $2,335.24, up 0.19% over the past 24 hours; Ripple (XRP) was at $1.4230, down 0.41% over the past 24 hours.

U.S.-Iran Talks Collapse and the Oil Price Trend

According to a report by Axios on April 27, U.S. President Trump announced on Saturday that he canceled the trip to Islamabad, Pakistan, by special envoy Steve Witkoff and Jared Kushner. In an interview with Axios, Trump said, “I think it’s pointless to have them sit on a plane for 18 hours in the current situation… If the Iranians want, they can call us.”

After Iran threatened to attack ships to retaliate for U.S. and Israeli airstrikes, the Strait of Hormuz is effectively under blockade. Based on publicly available data, about one-fifth of the world’s crude oil and liquefied natural gas (LNG) are typically transported via the strait. Trump said in an interview with Fox News that he hopes to continue imposing a naval blockade on Iran to cut off its oil exports.

Iran Proposes a New Plan: Reopen the Strait of Hormuz First

According to an Axios report on April 27 citing a U.S. official and two people familiar with the matter, Iran put forward a new proposal to the U.S., centered on prioritizing the reopening of the Strait of Hormuz and ending the war, with nuclear talks to be postponed to a later stage. The White House has received the proposal, and as of the time this report was published, it is not yet clear whether the U.S. is considering it.

In response to Axios regarding the proposal, White House spokesperson Olivia Wales said: “These are sensitive diplomatic discussions, and the United States will not negotiate through the media. The United States has the initiative and will only reach an agreement that puts the interests of the American people first—never allowing Iran to have nuclear weapons.”

Iranian Foreign Minister Abbas Araghchi held talks with Oman officials in Muscat on Sunday over the issue of the Strait of Hormuz, and in a social media post said, “The key focus areas we are following include how to ensure transportation safety, to benefit all dear neighbors and the whole world.” According to reporting by Iran’s state news agency IRNA, Araghchi arrived in St. Petersburg on Monday with the aim of holding talks with Russian President Vladimir Putin.

Frequently Asked Questions

What are the quotes for Bitcoin and major cryptocurrencies on April 27?

Based on market data, on April 27, 2026, during Asia’s early trading, Bitcoin (BTC) fell below $78,000; Ether (ETH) was at $2,335.24, up 0.19% over the past 24 hours; Ripple (XRP) was at $1.4230, down 0.41% over the past 24 hours.

Why did the U.S.-Iran talks fall back into a stalemate, and what impact did it have on oil prices?

According to a report by Axios on April 27, Trump announced the cancellation of the special envoy’s trip to Pakistan, citing Iran’s ambiguous position. Affected by the breakdown of the U.S.-Iran talks and the continued blockade of the Strait of Hormuz, on April 27 Brent crude rose 1% to $106.50 per barrel, and U.S. crude (WTI) rose to $95.40 per barrel.

What is the content of Iran’s new negotiation proposal to the United States, and how did the White House respond?

According to an Axios report on April 27 citing sources, Iran’s new plan is centered on prioritizing the reopening of the Strait of Hormuz and ending the war, with nuclear talks postponed to a later stage. White House spokesperson Olivia Wales said, “The United States will not negotiate through the media.” As of the time this report was published, it is still unclear whether the U.S. is considering the proposal.