Bitcoin’s price volatility, prompted by the developments in the Middle East, continued today, as the asset jumped to $69,200 ahead of Trump’s highly anticipated speech.
While speaking on the escalating tension in the region, the POTUS just claimed that Iran had requested an immediate ceasefire from the US. However, Trump said his administration will consider it only once Iran safely opens the Strait of Hormuz to oil tankers.
He added that until the Middle Eastern country complies, the US will continue “blasting Iran into oblivion.”
OPEN HORMUZ FIRST
Trump: Iran’s new, more pragmatic leader seeks a ceasefire. The U.S. response: reopen the Strait of Hormuz—then we’ll talk. Otherwise, escalation continues.
— *Walter Bloomberg (@DeItaone) April 1, 2026
With just minutes after this statement went live, BTC’s price has remained relatively calm at over $68,000. The asset charted a five-day peak earlier today before it was stopped and driven south by a grand.
The situation in the Middle East continues to be the catalyst that impacts the risk-on crypto industry the most, as every major development or statement, especially from Trump, leads to new fluctuations.
As reported earlier, experts believe the next leg up or down will heavily rely on whether the tension escalates or de-escalates in the following days and weeks.
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