Bitcoin falls below $70,000.

VTV.vn - In the trading session on April 7th, Bitcoin and other cryptocurrencies simultaneously declined due to general volatility in the global financial market.

Bitcoin, the world's largest cryptocurrency, fell more than 2%, trading around $68,460, erasing the previous day's gains when it had surpassed $70,000. Ether also dropped by about 2.8%.

The main reason is the fear stemming from the ultimatum issued by US President Donald Trump to Iran regarding the reopening of the Strait of Hormuz – a crucial oil trade route. Geopolitical tensions not only caused Bitcoin to fall but also pushed Brent crude oil prices up by 50% since February 2026, putting significant pressure on global investor sentiment. Along with cryptocurrencies, US stock indices and S&P 500 futures also declined simultaneously.

Rachael Lucas, an expert at BTC Markets, believes that Bitcoin still has a downward trend in the short and medium term. The market is currently in a "wait-and-see" state: buyers lack the confidence to sustain the upward momentum, while sellers lack the strength to create a sharp drop. Nevertheless, Bitcoin remains relatively stable as selling pressure from institutions shows signs of easing. US-listed spot Bitcoin ETFs recorded net inflows of $471.3 million on April 6th, following $22.3 million the previous week. Since the beginning of March 2026, the price of Bitcoin has mainly fluctuated between $65,000 and $75,000.

According to expert Lucas, the future of bitcoin will depend on two key factors: a ceasefire that brings oil prices below $100 a barrel and the US passing the Digital Asset Market Transparency Act by the end of April 2026 – a crucial legal milestone to unlock capital flows from large investors.

Source: https://vtv.vn/bitcoin-roi-moc-70000-usd-100260407175109547.htm