Why Is Bitcoin Price Falling After President Trump’s Speech on Iran War?

Bitcoin price fell sharply on Thursday after President Donald Trump’s speech on the ongoing US-Iran war failed to deliver the expected de-escalation signals that investors had anticipated.

Hours before the speech, Bitcoin price and broader risk assets were climbing as markets priced in hopes of US-Iran war end and resuming oil supplies through the Strait of Hormuz. Instead, Trump’s remarks triggered a risk-off move across crypto and equities.

At press time, Bitcoin price is trading at $66,379, down more than 3% in the last 24 hours. The top crypto hit a daily high of $69,230 before reversing sharply, with 24-hour trading volume declining over 12%.

Trump’s Iran War Address: No Clear End Date, Threats of Further Strikes

Investors widely expected President Trump to outline steps toward de-escalation in the US-Iran war. However, Trump stated that the US would “hit” Iran “extremely hard” over the next two to three weeks, noting that military objectives are nearing completion.

Trump warned about potential additional strikes on Iranian electric infrastructure if no deal is reached. He also offered no concrete timeline for reopening the Strait of Hormuz.

As a result, crude oil prices surged more than 5% to above $104 per barrel amid fears of prolonged supply disruptions.

BREAKING: US oil prices surge above $104/barrel following President Trump's address to the nation on the Iran War.

Tonight is truly one of the more puzzling nights for investors. pic.twitter.com/Pq8TGeJ5Qd

— The Kobeissi Letter (@KobeissiLetter) April 2, 2026

Also, the US dollar index (DXY) rose 0.33% to 100, reducing expectations for Fed rate cuts. The US 10-year Treasury yield climbed to 4.376% on inflation concerns from higher energy costs. Gold and silver prices dropped more than 2% and 4%, respectively, as safe-haven demand cooled.

Iran has reportedly demanding payment in Chinese yuan or crypto for safe passage through the Strait of Hormuz. Meanwhile, the UAE is pushing for a UN Security Council resolution and is open to joining US-led efforts to reopen the Strait of Hormuz.

Bitcoin Price and Crypto Market Selloff Triggered by Escalation Fears

The lack of upside signals sent Bitcoin price and the broader crypto market into a sharp selloff, mirroring weakness in US stock futures that erased more than $550 billion in value.

Ethereum, XRP, Solana, Dogecoin, and most altcoins tumbled alongside BTC. Market sentiment turned bearish as traders reassessed geopolitical risks and the potential for sustained high oil prices to fuel inflation.

CoinGlass data shows heavy selling pressure in derivatives markets. Total BTC futures open interest fell almost 5% to $46.71 billion in 24 hours. Open interest on CME dropped by over 0.82% and 5.66% on Binance, signaling reduced bullish leverage.

Moreover, a negative Coinbase Premium Index indicates that US institutions have not yet absorbed the selling. Spot Bitcoin ETF recorded $173.7 million in outflows, with $86.5 in redemptions from BlackRock Bitcoin ETF (IBIT), as per Farside Investors data.

Analysts warn that further selling pressure could lead to a deeper Bitcoin price correction if risk appetite remains suppressed. BTC chart on a 3-hour timeframe is forming a bearish flag.

Experts such as Lyn Alden and Rory Johnston noted that markets “didn’t really learn anything new” from the speech, but the reaffirmation of prolonged military action is likely to keep crude oil prices elevated, increasing selling pressure Bitcoin price in the near term.

We didn’t really learn anything more from Trump’s Iran War address, but those things he reaffirmed are likely going to continue driving crude prices higher:

– plans to achieve military targets in 2-3 weeks, which likely means further escalation
– believes US is winning,…

— Rory Johnston (@Rory_Johnston) April 2, 2026