Bitcoin and Stocks Decline as Trump Signals Intensified Strikes on Iran

Bitcoin and U.S. stock markets experienced declines following President Donald Trump’s announcement of intensified military actions against Iran. In a national address on Wednesday, April 1, 2026, Trump stated that the United States would continue to hit Iran “extremely hard over the next two to three weeks” ^[1].

In response to the announcement, U.S. stock markets saw notable declines. The S&P 500 dropped approximately 1.1%, the Dow Jones Industrial Average fell about 1.2%, equivalent to 545 points, and the Nasdaq composite declined around 1.6% ^[1].

Bitcoin, the leading cryptocurrency, fell by as much as 2.9%, trading around $66,300 as of 11:15 a.m. London time ^[2]. Other cryptocurrencies also experienced declines, with Ether dropping up to 5.2% and Solana falling by a similar magnitude ^[2].

Conversely, crude oil prices rose sharply amid the geopolitical tensions. Brent crude increased by about 7.8% to $109.10 per barrel, while U.S. crude rose approximately 11.7% to $111.92 per barrel ^[1].

What Is Known

President Trump’s announcement of increased military actions against Iran has led to declines in both Bitcoin and major U.S. stock indices. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw significant drops following the address. Bitcoin and other cryptocurrencies also experienced declines, while crude oil prices surged ^[1][2].

What Remains Unclear

It remains unclear how long the market volatility will persist and what the long-term impacts of the U.S. military actions on global markets will be. Additionally, unconfirmed reports suggest that investors pulled $174 million from U.S.-listed spot Bitcoin exchange-traded funds, and that large Bitcoin holders have turned into net sellers, but these claims have not been independently verified ^[2].