\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tCrypto markets are tanking on Thursday morning following the latest speech from the US President threatening more violence in the Middle East.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin prices fell below $67,000 on Thursday morning, dropping to $66,770 following Donald Trump\u2019s latest update on the war with Iran.<\/p>\n
\u201cWe are on track to complete all of America\u2019s military objectives shortly, very shortly,\u201d the President said<\/a> at the White House on Wednesday. \u201cWe\u2019re going to hit them extremely hard over the next two to three weeks,\u201d he added.<\/p>\n The POTUS said that the US imports almost no oil through the Hormuz Strait and will not be taking any in the future.<\/p>\n \u201cBetween threatening Iran\u2019s power plants, saying the Iran War would last 2-3 more weeks, and calling out NATO, there was nothing new,\u201d observed<\/a> the Kobeissi Letter.<\/p>\n \u201cYet, the market is now trading like the Iran war is ramping up for another month-long escalation. Why? Because he didn\u2019t explicitly de-escalate.\u201d<\/p>\n<\/blockquote>\n While crypto and stock futures tanked, oil prices surged back over $100 per barrel again, further pressuring the economies of nations that rely on the Middle East for their fuel supplies.<\/p>\n Zooming out shows that Bitcoin is still in the middle of its two-month range-bound channel, and there hasn\u2019t been any major panic selling since early February.<\/p>\n \ud83d\udea8Markets after Trump\u2019s address.<\/p>\n No ceasefire, 2-3 more weeks of war and strait of Hormuz stays closed.<\/p>\n Nasdaq down 1.40% to 23,758. Oil up 6% to $103.51. Everything that was\u2026 pic.twitter.com\/CubY55u3fg<\/a><\/p>\n \u2014 Bull Theory (@BullTheoryio) April 2, 2026<\/a><\/p>\n<\/blockquote>\n However, CryptoQuant observed<\/a> that Bitcoin whales have flipped from buyers to sellers.\u00a0Holders of wallets containing 1,000 to 10,000 BTC are now distributing, with 1-year holdings falling 188,000 BTC after more than 200,000 BTC of accumulation in 2024, it noted.<\/p>\n \u201cThis isn\u2019t short-term. The 365-day trend is declining, signaling structural selling pressure.\u201d<\/p>\n<\/blockquote>\n Overall, Bitcoin spot demand remains in \u201cdeep contraction,\u201d despite accelerating ETF and Strategy purchases, it stated before adding that the 30-day apparent demand growth stands at -63K BTC, \u201cindicating that broader market selling pressure continues to outweigh institutional accumulation.\u201d<\/p>\n In a separate post<\/a>, CryptoQuant analyst \u2018Woominkyu\u2019 said that Bitcoin\u2019s \u201csupply in profit\u201d has hit a multi-year floor, while \u201csupply in loss\u201d is spiking. \u201cThis alignment has historically marked the terminal phase of market corrections,\u201d they said.<\/p>\n Ethereum prices dipped back below $2,100 again, but were holding above the psychological $2,000 level at the time of writing.<\/p>\n The altcoins have been hit harder as usual, with heavier losses for BNB, Solana, Bitcoin Cash, Hyperliquid, and Canton.<\/p>\n \u201cEverything that was rallying on peace hopes sold off immediately,\u201d said \u2018Bull Theory.\u2019<\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Selling Pressure Remains High<\/h2>\n
\n
Bitcoin down 2.28% to $67,202.
Gold down 2.90% to $4,692.<\/p>\n
Straight up from $98 in one move.<\/p>\nYou may also like:<\/h3>\n
\n
Elsewhere on Crypto Markets<\/h2>\n
\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n