Crypto Today: Bitcoin and Ethereum and XRP Recovery at Risk as Iran Denies Any Dialogue with the United States - Iran denies conducting talks with the United States, putting Bitcoin recovery at risk: The Middle East conflict continues to take center stage as Iran denies claims made by U.S. President Donald Trump that the two countries are conducting talks. Trump stated that talks with Iran are "very good and very productive" and will continue amid a five-day pause in planned strikes on Iranian power stations and energy infrastructure. The U.S. president said on Monday: "As talks continue this week, I have ordered a suspension of any military strikes against Iranian energy infrastructure for five days, contingent on progress being made." Following Trump's optimism about reaching a deal with Iran to open the Strait of Hormuz, a shipping passage used to transport at least 20% of global oil supplies, pressure eased in global markets. West Texas Intermediate crude oil prices, which briefly fell to $84, surged past $90, reflecting renewed uncertainty about the course of the war. Bitcoin price holds steady above $70,000, yet its upside potential appears limited following Iran's denial of conducting any dialogue with the United States. Furthermore, Israel intends to continue its strikes on Iran and Lebanon, justifying this by its need to protect its interests in any potential ceasefire or peace agreement. - Ethereum and XRP under pressure with declining institutional and retail demand: Ethereum continues to face sustained capital outflows from spot index exchange-traded funds. U.S.-listed index ETFs recorded outflows of approximately $16 million on Monday, extending the losing streak to the fourth consecutive day. SoSoValue data shows that the average assets under management stand at $12.51 billion, while total inflows reach $11.71 billion. The series of outflows suggests that risk appetite in Ethereum investment products remains low, which may limit sustained recovery in the short to medium term. Ethereum ETF Fund Flows | Source: SoSoValue Retail investor appetite for XRP remains weak, as evidenced by the open interest volume of futures contracts, which stood at $2.39 billion on Tuesday. Looking at the past, the average open interest volume of XRP futures contracts reached $10.94 billion in July, coinciding with its reaching an all-time high of $3.66. This significant gap indicates a lack of investor confidence in XRP's ability to maintain elevated levels, which may explain the need to reduce their exposure to this asset. XRP Futures Open Interest Volume | Source: CoinGlass $BTC ‌ $ETH ‌ $XRP ‌