{"id":146478,"date":"2026-04-02T14:47:38","date_gmt":"2026-04-02T14:47:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=146478"},"modified":"2026-04-02T14:47:38","modified_gmt":"2026-04-02T14:47:38","slug":"bitcoin-price-continues-sliding-as-president-trump-signals-iran-escalation-raising-risk-of-drop-toward-60000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=146478","title":{"rendered":"Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000<\/a><\/p>\n

<\/div>\n

Bitcoin price fell last night after President Donald Trump signaled a potential escalation in military action against Iran, triggering a broad pullback across global markets and raising questions about whether bitcoin price could test lower support levels.<\/p>\n

The price of Bitcoin dropped<\/a> nearly 4% within hours after Trump\u2019s April 1 address, sliding to below $66,000 early April 2. The decline came as investors shifted away from risk assets following remarks that pointed to harder strikes in the coming weeks, with no timeline for de-escalation.<\/p>\n

Equity markets also moved lower. The S&P 500 traded in negative territory, while Asia-Pacific equities reversed earlier gains<\/a>. At the same time, oil prices surged, with Brent crude rising above $106 per barrel as traders priced in the possibility of prolonged disruption in the Strait of Hormuz, a key global shipping route.<\/p>\n

The move highlights how closely Bitcoin price is tracking traditional markets during periods of geopolitical stress.\u00a0<\/p>\n

Data shows the 30-day correlation between Bitcoin price and the S&P 500 has climbed to around 0.75, indicating that institutional investors are treating the digital asset more like a high-growth technology proxy than a hedge.<\/p>\n

Bitcoin price resilience\u00a0<\/h2>\n

Bitcoin had shown some resilience in recent weeks, ending March with a modest gain and snapping a multi-month losing streak. However, it remains down roughly 45% from its prior peak above<\/a> $126,000, and demand indicators suggest continued pressure.\u00a0<\/p>\n

\n

JUST IN: Bitcoin has closed its first green month after 5 months of red pic.twitter.com\/jVMxXp9w2L<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) April 1, 2026<\/a>\n<\/p><\/div>\n

From a technical perspective, Bitcoin is now approaching a key support range between $64,000 and $65,000. The level has held through several recent tests, but a break below it could open the door to a move toward $60,000, near the February low, according to Bitcoin Magazine Pro<\/em> data.<\/p>\n

On the upside, resistance sits around $68,000 and $70,000. Analysts say those levels need to be reclaimed to shift sentiment and support a recovery narrative.\u00a0<\/p>\n

Until then, price action remains constrained by a pattern of lower highs that has developed since March.<\/p>\n

Long-term holder data suggests<\/a> the market may be moving through a late-stage bear cycle. Investors holding Bitcoin for six months or more now control about 80% of supply, approaching levels that have marked past market bottoms.\u00a0<\/p>\n

Even so, previous cycles indicate that extended periods of sideways trading often follow before a sustained recovery begins.<\/p>\n

On top of this, Bitcoin treasury firms and public companies are offloading<\/a> BTC as prices fall, adding fresh pressure to the market as long-term holders turn into sellers. Companies including Riot Platforms, MARA Holdings, and Genius Group have trimmed holdings this week to raise liquidity and service balance sheets.<\/p>\n

For now, Bitcoin\u2019s reaction to geopolitical developments underscores its current role within the broader macro environment.\u00a0<\/p>\n

As long as uncertainty around the Iran conflict persists, market direction may remain tied to shifts in risk sentiment rather than a return to the asset\u2019s safe-haven narrative.<\/p>\n

This post Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000 Bitcoin price fell last night after President Donald Trump signaled a potential escalation in military action against Iran, triggering a broad pullback across global markets and raising questions about whether bitcoin price could test lower support levels. […]<\/p>\n","protected":false},"author":0,"featured_media":146479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-146478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/146478"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146478"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/146478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/146479"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}