02.04.2026 04:20

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**Report: Trump's "Stone Ages" Threat Triggers Market Turmoil, Crashes Bitcoin and Ethereum**

According to various internet sources, President Donald Trump delivered a prime-time address on Wednesday night concerning the Iran conflict. He declared that "core strategic objectives are nearing completion" and subsequently vowed to escalate military action. The speech occurred as oil prices were declining. However, by its conclusion, oil had surged by 5%, underscoring the market's immediate reaction.

Markets had anticipated a diplomatic resolution. Instead, they received Trump's stark warning: "We are going to hit them extremely hard over the next two to three weeks," he stated. "We’re going to bring them back to the Stone Ages, where they belong." The 19-minute address offered no novel information, no defined end date for the war, and no strategy for reopening the Strait of Hormuz.

Investors had spent the preceding two days anticipating an "off-ramp" announcement. The speech delivered the opposite, promising intensified conflict. This shift triggered significant market volatility. Brent crude oil prices climbed 5% to surpass $106 per barrel. West Texas Intermediate rose 4.1% to $104. Conversely, the S&P 500 futures index fell 1.1%, European futures dropped 1.5%, gold lost 1.4% to $4,691 per ounce, and silver declined 3%.

The cryptocurrency market suffered a sharp reversal. Bitcoin plummeted 3.3% from its intraday high of $69,135 to $66,818. Ethereum fell 2.8% to $2,084. The substantial two-day relief rally in cryptocurrencies evaporated entirely within a single evening. Asia bore the brunt of the sell-off, with South Korea's KOSPI index dropping 3.5% (the region's worst performer), Japan's Nikkei losing 1.8%, and Hong Kong's Hang Seng declining approximately 1%.

Trump also addressed the Strait of Hormuz, stating it would "open up naturally" once the conflict concluded. He urged oil-importing nations to "build some delayed courage" and secure the waterway themselves, though he provided no specifics on implementation or timeline. Earlier that day, during a White House Easter lunch, Trump was reportedly more direct in his comments to allies regarding the strategic waterway.

This report synthesizes information from various internet sources regarding the market impact of President Trump's speech.