Today, Bitcoin reached a peak of almost $69,000 after a drop to $66,000. The surge followed reports from the White House regarding President Donald Trump, who is expected to provide a significant update about the situation in Iran later today.

BREAKING: President Trump will deliver an address to the nation on Wednesday at 9 PM ET to give “an important update on Iran.”
— The Kobeissi Letter (@KobeissiLetter) April 1, 2026

The details of Trump’s upcoming speech are unclear, but speculation has surged due to varying statements made in recent days.
While Trump is rumored to be considering ending the conflict even with the Strait of Hormuz still closed, the Wall Street Journal has hinted that several Gulf Stream nations are pushing the U.S. to sustain military action, as the UAE has begun planning to use force to secure the Strait’s opening.

Moreover, the president of Iran indicated his nation’s readiness to conclude the war with specific guarantees. In contrast, several European nations, including Spain, Italy, and France, have denied providing any military assistance to the U.S.

Bitcoin’s price fluctuations are reflective of these developments, having dipped to $65,000 recently, rallied to $68,400, and then fallen again before nearing $68,800 just minutes after the news of Trump’s address broke.

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