Cryptocurrencies fell across the board in Asian trading on April 2nd, after US President Donald Trump signaled the possibility of more aggressive attacks on Iran in the coming weeks.
As of 11:40 AM on April 2nd (Vietnam time), the price of Bitcoin had fallen by 2.8% to below $66,300 per Bitcoin. The decline spread across all digital assets, with sharper drops recorded in smaller-capitalization cryptocurrencies such as Ether (down 4.7%) and Solana (down 5.1%).
The decline occurred after President Trump's speech dashed hopes of an early end to the military conflict in the Middle East. This development reversed the recovery of financial markets, dragging the MSCI Asia Pacific Composite Index down 1.7%. Conversely, Brent crude oil prices surged more than 5% and surpassed the $106 per barrel mark.
Analysts at liquidity provider Orbit Markets note that stock and commodity markets are highly volatile in response to President Trump's statements on geopolitical developments. While Bitcoin has largely moved in the same direction as the stock market, in recent weeks it has become less sensitive to both good and bad news.
Previously, the market had experienced a more optimistic period when President Trump suggested the possibility of ending the conflict before reopening the Strait of Hormuz – a vital waterway for global trade. This expectation helped Bitcoin end March 2026 with a 2% increase, ending a five-month losing streak.
However, the long-term outlook for cryptocurrencies remains challenging. Demand for bitcoin has remained under pressure since the October 2025 sell-off. Currently, the price of bitcoin is still approximately 45% lower than its all-time high of over $126,000 set in October 2025.
Source: https://vtv.vn/bitcoin-mat-moc-66300-usd-100260402161600574.htm
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