Global markets are closely watching the third round of nuclear negotiations between the US and Iran, mediated by Oman and scheduled to take place in Geneva on February 26. While Iranian Foreign Minister Abbas Araghchi emphasized diplomacy, signals from the US side describing the talks as a potential “last chance” revived concerns over possible military scenarios. The renewed uncertainty significantly increased risk perception among investors.
At the same time, the reported killing of CJNG leader El Mencho in Mexico triggered violent unrest across at least five states, alongside airport attack claims and a declared red alert. A security warning issued by US authorities reinforced fears that the crisis could expand beyond regional borders. The combination of these developments weakened global risk appetite.
The crypto market reacted swiftly. Bitcoin traded between $64,435 and $68,211 over the past 24 hours, slipping to $65,738 and posting a 3.4% daily decline, with its market capitalization falling to $1.31 trillion. Ethereum dropped 4.9% to $1,878, while high-beta altcoins such as Solana, XRP, BNB and Dogecoin recorded steeper losses. Elevated trading volumes signal strong selling pressure, and the $64,435 level stands out as a critical support; a sustained break below this zone could open the door to a deeper correction toward the psychological $60,000 range.
