Bitcoin, Ethereum Fall on Geopolitical Jitters as U.S.-Iran Talks Stall

Bitcoin and Ethereum prices declined Monday, June 1, 2026, as investors shed riskier assets amid stalled U.S.-Iran negotiations over the Strait of Hormuz. Bitcoin (BTC-USD) slid to $71,400.64 as of 9:56 a.m. ET, after opening at $73,568.4. Ethereum (ETH-USD) fell to $1,960.76 from an opening of $2,004.03. The cryptocurrency drop came despite President Trump’s assertion a ceasefire extension would “work out well.” Key sticking points left long-term peace uncertain, reinforcing a flight from volatile assets. Bitcoin’s intraday low represented a further decline from its already 0.3% weaker open versus Sunday. Ethereum was 0.8% lower at the open and extended losses. Geopolitical concerns have overshadowed crypto markets in recent sessions, with traders monitoring whether a 60-day truce can be finalized. The week ahead may offer further clues on the diplomatic standoff.