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The price of Bitcoin fell to about $ 66,500, losing about 6% of its value within hours, after the speech of President Trump on April 1 indicated a more powerful military strike on Iran in the coming weeks, and undermined the fragile hope that briefly removed the dangerous economy.
The S&P 500 index followed the decline, while the MSCI Asia-Pacific index reversed its previous session’s 1.7% decline. In contrast, Brent crude jumped more than 5% to surpass $106 a barrel, as traders began to price in the long-term disruption in the Strait of Hormuz. It is the volatility of the market that keeps risk factors low.
Trump’s comments reflected the positive sentiment that had been built earlier this week when he expressed a desire to end the conflict before reopening the Strait of Hormuz, a vital trade route for the world.
However, the April 1 statement abandoned this, using language that pointed to escalation rather than negotiation. Investors have not received time to settle, but only the hope of more work.
SUMMARY OF PRESIDENT TRUMP’S ADDRESS TO THE NATION:
1. The war in Iran will end soon "two or three weeks"
2. The US will strike Iran’s energy industry if no deal is reached
3. The main objectives are "almost finished" in Iran
4. US "will bring Iran to…
— The Kobeissi Letter (@KobeissiLetter) April 2, 2026
Bitcoin’s reputation as “digital gold” has taken another turn; With the 30-day contract of Bitcoin and the S&P 500 index rising to 0.75 – its highest level in months – institutional offices are beginning to treat Bitcoin as a very dangerous technological asset, not a geopolitical hedge. The security issue has already begun to crack.
Bitcoin Price Prediction: Will $65,000 Support Or Will We See Another Drop?
Bitcoin is currently sitting at $66,500, stuck in a downward trend since the March peak at $76,000, as any attempt to recover weakens and sells to stop any pressure before it starts to rise.
The support between $64,000 and $65,000 is very important at the moment, as it has resisted several tests, but a clear break below opens the way back to $60,000, which is the level at which the tail of the candle reached in February.
On the other hand, the levels of $ 68,000 and then $ 70,000 represent the problems that must be solved to create a true story of recovery, which does not seem easy due to the increasing volume that has been selling recently.
Until one of these two events occurs, the chart remains in “damage damage”.
The sharp drop in Bitcoin’s recent price history makes this point more important than it might seem. Bitcoin ended March by only 2%, breaking a five-month losing streak, but is still down nearly 45% from its October peak of $126,000. According to CryptoQuant data, the real demand was already negative about 63,000 Bitcoin at the end of last month.
“The stock and trade markets continue to fluctuate based on Trump’s recent comments on political events,” said Caroline Morrone, co-founder of Orbit Markets. “Bitcoin mainly follows the trend of stocks, although in the last few weeks it has shown a reduction in sensitivity to both good and bad news,” he added. This low sentiment may be the only one, but it didn’t stop it from falling to $6,500 in one session.
It is worth noting that gold’s worst monthly performance in 17 years in March – when it fell by 11% – removes the simple “round to safe” narrative. Instead, Wealth and money take a flight to safety. The 10-year U.S. Treasury yield has risen as stock markets continue a deflationary slide fueled by the energy crisis, raising the risk of non-yielding assets like Bitcoin. Until the Iranian situation is resolved clearly, Bitcoin is unlikely to deviate from this path.
A note Bitcoin falls to $66,500 as tensions escalate between Trump and Iran appeared for the first time Cryptonews Arabic.
