Crypto markets got gutted today. Bitcoin slid as much as 3% on the session after President Trump signaled escalating military action against Iran, crushing the fragile optimism that had briefly lifted crypto earlier this week. Trump’s remarks reversed a short-lived rally built on hopes he might end the Iran conflict and reopen the Strait of Hormuz. Instead, investors got harder-line rhetoric. Ether cratered 4%, Solana shed almost 6%, and Brent crude surged more than 5% to above $106 a barrel. It’s a stark reminder that oil shocks move crypto these days.
Threadguy explains how Trump waits until the second markets close on Friday before making his moves “They sent Brent oil to $108-$109 on Hyperliquid over the weekend. Everywhere you looked, there was just escalation” “It feels like the actual market opens on the weekend. During… pic.twitter.com/gE7gLrupgN — Mikli (@CryptoMikli) March 23, 2026
“Stock and commodity markets continue to whipsaw according to Trump’s latest comments on geopolitical developments,” said Caroline Mauron, co-founder of Orbit Markets. “Bitcoin is largely following stocks’ direction, though in the past few weeks it has shown reduced sensitivity to both good and bad news.” Bitcoin had actually been holding up relatively well, ending March up 2%, snapping a five-month losing streak, while gold dropped more than 11% over the same period amid energy-supply inflation fears. Discover: The best pre-launch token sales Trump Moves Crypto with War?
Today’s selloff tests whether that resilience has a floor, or whether geopolitical pressure finally cracks it. The Iran-oil nexus has rattled Bitcoin before, and the pattern is reasserting itself fast. Bitcoin is trading near $66,500 at the time of writing, with intraday lows testing that level as selling pressure accelerated through the London morning session. The broader trend remains damaged: BTC sits roughly 45% below its October peak of $126,000, and demand metrics haven’t recovered. coingecko According to CryptoQuant data cited in recent market analysis, apparent Bitcoin demand, the gap between demand and newly mined supply, was negative by approximately 63,000 BTC as of late March. That’s not a small number. The CLARITY Act Senate Banking Committee markup, expected mid-April, remains the highest-impact regulatory catalyst on the horizon. If that progresses well, it could provide a sentiment floor. For now, the macro tape controls price, and crypto moves on Trump’s comments. Discover: The best crypto to diversify your portfolio with Bitcoin Hyper Unbothered By Geopolitics
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The pitch is direct: fix Bitcoin’s three core failure modes—slow transactions, high fees, and no programmability, without sacrificing Bitcoin’s underlying security. The presale has raised $32 million at a current price of $0.0136, with staking rewards already live. The $32M milestone came alongside ETF inflows, and the presale has shown momentum through volatile conditions. Explore Bitcoin Hyper here. This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always conduct your own research before investing. The post Crypto News Today: Trump to Hit Iran Harder, Crypto Butchered appeared first on Cryptonews.
