Bitcoin (BTC) faced a rejection at the $69,000 mark on April 1, 2026, lower than the previous $72,000-$73,000 resistance range. The lower rejection level could mean that the asset is seeing lower highs, and will continue to dip over the coming months. According to CoinGecko data, BTC’s price has fallen by 2.5% in the last 24 hours, 6.3% in the last week, 6.6% in the 14-day charts, and 3.1% over the previous month. Let’s discuss if President Trump’s speech had anything to do with Bitcoin’s (BTC) price correction.

Did Bitcoin Fall Due To President Trump’s Speech?

President Trump has been quite unclear about his intentions with the US-Iran war. On Tuesday Trump said that the US could exit the Iran campaign in 2-3 weeks. A potential de-escalation may have led to Bitcoin (BTC) gaining momentum, climbing to the $69,000 price level. However, Trump seems to have changed his mind in just one day, stating on Wednesday that he wants ground forces to seize Iran’s uranium. The re-escalation hint may have to another spike in investor worry.

Another reason for the dip could be Google’s recent paper on how cryptographic security measures could be at risk from quantum computers. The tech giant claims that a future quantum computer could break Bitcoin’s (BTC) private key in 9 minutes, about one minute less than BTC’s average block time.

Also Read: 3 Cryptocurrencies That Could Be Safe From Quantum Computers

The cryptocurrency market has faced substantial challenges over the last few months. The US-Iran war has added more fuel to the fire, with investors exiting their positions on risky assets. Bitcoin (BTC) may continue to oscillate between $70,000 and $62,000-$64,000 over the coming weeks. Moreover, the Federal Reserve is unlikely to drop interest rates after its April meeting. Higher interest rates could keep investors away from the crypto market for a longer period.