Bitcoin Plunges Amid Fears of Harder Iran Strikes

The global financial markets were hit hard on Thursday, April 2, after US President Donald Trump's comments signaled that there would be harder strikes against Iran in the coming weeks.

As a result, Bitcoin prices tumbled across Asia, with the cryptocurrency dropping by as much as 2.5% to around $66,500. Smaller tokens such as Ether and Solana also took a hit, falling by up to 4.5% and 5.1%, respectively.

The downturn in the market can be attributed to investors pulling back from risk assets following Trump's speech. The MSCI Asia Pacific share index fell 1.7%, reversing a previous rebound, while Brent crude jumped more than 5% to above $106 a barrel.