02.04.2026 05:14
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**Bitcoin's Value Plummets Following Trump's Iran War Address**
A significant drop in Bitcoin's value and turmoil across global equity markets followed a speech by US President Donald Trump concerning the US-Iran conflict. According to reports from internet sources, investors had anticipated positive developments regarding de-escalation and the resumption of oil supplies. However, President Trump's address instead triggered widespread concern among investors in both the cryptocurrency and traditional stock sectors.
The immediate consequence was a sharp decline in Bitcoin's price, falling to $66,000. This movement erased over $550 billion in value from US stock futures. Prior to the speech, Bitcoin and the broader US stock market were experiencing upward momentum, with investors closely watching for signals indicating an end to hostilities with Iran. President Trump's statement, however, indicated a shift in strategy, declaring the US would "hit" Iran "extremely hard" within the next two or three weeks. This declaration caused crude oil prices to surge by 5%, exceeding $104 per barrel.
The President emphasized that military objectives were nearing completion and issued a warning of potential further strikes targeting Iran's electric infrastructure if a resolution wasn't reached. The strength of the US dollar, as measured by the DXY index, increased by 0.33% to 100. This development led investors to reassess their expectations for the Federal Reserve cutting interest rates later in the year. Concurrently, the yield on the US 10-year Treasury bond rose to 4.376%, fueled by fears that an energy crisis could exacerbate inflation. These factors contributed to a decline of over 2% in gold prices and more than 4% in silver prices.
**Breaking News: Oil Prices Soar Above $104 Per Barrel**
The impact of President Trump's speech was immediate and dramatic for oil markets. Reports indicate US oil prices surged past $104 per barrel following the address. This development left investors grappling with significant uncertainty during what was described as a particularly puzzling night.
**Lack of Clarity and Geopolitical Tensions**
The President's remarks offered no clear timeline for concluding the US-Iran war. Furthermore, he did not address the critical issue of reopening the Strait of Hormuz. Instead, he urged nations to purchase oil from the United States. This stance contrasts with Iran's demand that ships crossing the Strait of Hormuz pay using Chinese yuan or cryptocurrency. Internet sources also note that the United Arab Emirates is actively pursuing a UN Security Council resolution aimed at reopening the Strait of Hormuz. The UAE is reportedly willing to collaborate with the US and its allies to achieve this goal.
**Key Points Summarized:**
1. **Market Shock:** Trump's speech caused Bitcoin to crash to $66,000 and erased $550B from stock futures.
2. **Oil Price Surge:** Crude oil prices jumped 5% to over $104/barrel due to the threat of US strikes.
3. **Dollar Strength:** The US dollar index rose, dampening expectations for Fed rate cuts.
4. **Treasury Yield Rise:** Concerns over inflation drove up the 10-year Treasury yield.
5. **Precious Metals Drop:** Gold and silver prices fell significantly.
6. **Geopolitical Uncertainty:** No clear end to the war, no reopening of the Strait of Hormuz, and conflicting payment demands (yuan/crypto) between Iran and potential buyers.
7. **UAE Action:** The UAE is pushing for a UN resolution to reopen the Strait and is willing to work with the US and allies.
