Bitcoin fell to $66,172 as of April 2nd morning, while Ethereum dropped to $2,030, with both cryptocurrencies declining 3% and 4.4% respectively over the last 24 hours following President Trump's announcement that the U.S. would hit Iran hard over the next two to three weeks. The president's statement that "we're going to finish it very fast" was not enough to calm crypto traders, as uncertainty and ongoing geopolitical conflict generally suppress demand for riskier assets including Bitcoin and Ethereum. Market data shows oil prices rose more than six percent, climbing above $103 per barrel, and historically spikes in commodity prices can signal inflationary pressures and economic instability, leading investors to pull capital from riskier assets like cryptocurrencies. WTI crude oil rose to $113.01, up 14.38% daily, with analyst Scott Shelton noting that Trump's speech signaled escalation, pushing prices higher and increasing market risk.