In this video: It is time for an update on our beauty of mathematics series about Bitcoin and crypto! Video by Benjamin Cowen.
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Bitcoin (BTC) is trading around $66,250 as of the morning of April 2, 2026, down approximately 3% over the last 24 hours. The market is currently reacting to a "risk-off" sentiment triggered by escalating geopolitical tensions and seasonal selling pressure.
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-Geopolitical Conflict: Prices tumbled after U.S. President Trump signaled a potential intensification of strikes against Iran. This news has rattled energy markets and dampened optimism for a quick de-escalation, leading traders to exit "risk-on" assets like crypto.
-U.S. Tax Season Pressure: Analysts identify the approaching April 15 tax deadline as a primary source of downward pressure. Investors are likely liquidating BTC holdings to cover 2025 capital gains tax liabilities, creating a "mechanical" sideways or downward grind.
-Corporate & Government Selling: A "bitcoin treasury boom" appears to be unwinding as some publicly traded companies and governments (notably Bhutan) have begun reducing their holdings amid recent price weakness.
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