Bitcoin And Ethereum Retreat, S&P 500 Loses $500B After Trump’s Middle East Statement

Institutional data and analytics platform CryptoQuant analyst Darkfost provided an assessment of recent market activity on the social media platform X, noting that global markets had anticipated a de-escalation statement from US President Donald Trump regarding tensions with Iran, but the remarks took a markedly different direction. 

Trump indicated that he intends to complete the mission within two to three weeks, asserting that the United States would take strong action against Iran if necessary to achieve the objective.

He did not indicate any change in US policy toward Iran, nor did he provide details regarding the execution of military operations or outline any steps toward a ceasefire. Regarding the Strait of Hormuz, the key oil shipping corridor that has been effectively closed since mid-March, Trump stated it would reopen “naturally” once hostilities end, without specifying a timeline for such a development.

Following these comments, US Treasury bonds rose, while the S&P 500 experienced a rapid loss of approximately $500 billion in market capitalization within minutes. The ripple effects extended into cryptocurrency markets, particularly derivatives trading. 

On Ethereum, over $1 billion in sell volume was recorded within a single hour, including $968 million on Binance, which currently handles the largest trading volumes in the sector. This activity has driven a correction of roughly 4–5% in ETH prices.

Financial markets are currently experiencing elevated volatility and uncertainty, contributing to unpredictable price movements and increased risk. Analysts suggest maintaining caution, limiting exposure, and avoiding excessive leverage under such conditions.

Bitcoin And Ethereum Retreat, Historical April Trends Suggest Potential Recovery

At the time of writing, Bitcoin was trading at $66,128.18, reflecting a decline of more than 3.4% over the previous 24 hours, with a high of $68,889 and a low of $66,039. Ethereum was trading at $2,030.30, down over 4.68%, with a high of $2,164 and a low of $2,027. 

The total global cryptocurrency market capitalization stands at $2.28 trillion, representing a 3.35% decrease over the past day. Total 24-hour trading volume across all cryptocurrencies reached $99.29 billion, marking a 1.32% increase, according to data from CoinMarketCap.

Historically, April has been one of Bitcoin’s stronger months, recording gains in 10 of the past 15 years with an average increase of 20.9%, compared with an average loss of 8.8% in years when the month ended lower. 

Last week, Bitcoin rebounded sharply from its two-month uptrend support around $60,000 and is now attempting to move back above its 50-day moving average, signaling a potential continuation of its short-term upward momentum.

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