Trump’s speech led to cryptocurrencies being sold off again. Bitcoin is down 2.2%, and is currently around $72.19K. Ethereum is also down 2.2% to $2.22K, while Solana is down 5.2%, making it a 13% loss for the week.

What happened is that on Tuesday, they were buying back globally on an optimistic mood of “the war might end in a few weeks,” but then former President Trump said in his prime-time speech that “we will very severely attack Iran in the next 2 to 3 weeks.” As a result, all of those gains were wiped out.

It’s the usual pattern. News of easing tensions → buyback → escalation reports → selling. For these past 5 weeks, it’s been this same pattern, swinging back and forth between $60,000 and $73,000. The fear index is also at 8, putting it firmly in the extreme fear zone.

However, April is seasonally a strong month, recording gains 10 times in the past 15 years. Bitcoin is also bouncing back well from the support line around $60,000 and is trying to reclaim the 50-day moving average. But seasonal trends can’t win against war.

There’s also talk about WLFIトークン. The WLFI from World Liberty Financial is down 12%, hitting its lowest level since its 2025 launch. It looks like the lending strategies on the Dolomite DeFi platform are causing controversy. Maybe Trump-related projects can’t go against the overall instability of the cryptocurrency market.