Bitcoin’s (BTC) price continues to fall with no end in sight to the U.S.-led war against Iran.
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BTC was trading at $66,000 on April 3, with stock markets closed for the Good Friday holiday. Cryptocurrencies such as Bitcoin trade around the clock: 24 hours a day, seven days a week. Other cryptocurrencies were also down on the day, with Ethereum (ETH) sliding more than 3% to the key support level of $2,000.
The ongoing slump in digital assets comes after U.S. President Donald Trump delivered a speech in which he said that the war with Iran is likely to continue for several more weeks. The comments led to a sharp spike in oil prices, with Brent crude rising as much as 10% to $110 per barrel.
The Bears Circle Crypto
Stock markets around the world sold off on April 2 as oil prices spiked, with equities in Europe and Asia falling more than 2%. At the same time, nearly $400 million in cryptocurrency future positions were liquidated due to margin shortfalls.
On a positive note, some analysts see tentative signs of a recovery taking hold in the cryptocurrency market and point to positive March inflows into Bitcoin exchange-traded funds (ETFs) as a positive sign for digital assets.
BTC’s Three-Month Performance
The chart below shows that Bitcoin has struggled in recent months and declined 28.34% in the last 12 weeks, as the selloff in cryptocurrencies that began in October 2025 continues.
