Gate News updates: In April 2026, the situation in the Middle East escalated again. U.S. President Trump publicly admitted that the U.S. launched strikes on Iran’s key infrastructure and warned that if negotiations did not move forward, it would carry out larger-scale military operations. As a result, sentiment in the crypto market quickly turned weaker, and the price of Bitcoin fell back.
In a video posted on a social platform, Trump said that the Adir Bridge—an important transportation hub in Iran—was attacked and suffered severe damage. He also said that in the future, there may be repeated strikes targeting core facilities such as power plants. He emphasized that the U.S. military advantage “has not been fully utilized yet” and set the next two to three weeks as a critical window. This statement significantly boosted market expectations that the conflict could further expand.
Rising geopolitical risk created a differentiated impact on financial markets. Asian stock markets continued to rebound; Japanese and South Korean stock indexes rose, mainly benefiting from the earlier decline in oil prices and expectations of diplomatic mediation. However, crypto assets faced mounting pressure. After a short-term rebound, Bitcoin quickly gave back its gains, falling from about $67,300 to around $66,300, with volatility increasing.
Structurally, $65,000 has become an important support zone for Bitcoin. If the situation worsens further or negotiations break down, once this level is breached, it could trigger broader technical selloffs and reinforce the market’s downward trend. At the same time, mainstream assets such as Ethereum may also be affected in a correlated manner, putting overall risk assets under pressure.
At present, the market’s core drivers have shifted from liquidity to geopolitical variables. Energy prices, the U.S. dollar’s trend, and global risk-averse sentiment are once again dominating the asset-pricing logic. Against a backdrop in which uncertainty persists, while Bitcoin has some risk-hedging narrative, it still may not be able to shake off macro shocks in the near term.
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