{"id":70576,"date":"2026-04-02T22:14:58","date_gmt":"2026-04-02T22:14:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trumps-1-5t-defense-budget-push-iran-warning-send-stocks-gold-and-bitcoin-lower-market-updates-bitcoin-news\/"},"modified":"2026-04-02T22:14:58","modified_gmt":"2026-04-02T22:14:58","slug":"trumps-1-5t-defense-budget-push-iran-warning-send-stocks-gold-and-bitcoin-lower-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trumps-1-5t-defense-budget-push-iran-warning-send-stocks-gold-and-bitcoin-lower-market-updates-bitcoin-news\/","title":{"rendered":"Trump’s $1.5T Defense Budget Push, Iran Warning Send Stocks, Gold, and Bitcoin Lower \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Oil Hits $111 a Barrel as Trump Speech Crushes April 1 De-escalation Rally<\/h2>\n

Trump delivered the speech<\/a> on Wednesday evening, warning Iran<\/a> would be brought \u201cback to the Stone Ages\u201d within two to three weeks. The address erased gains built in the prior session on reports of possible de-escalation and a potential reopening of the Strait of Hormuz<\/a>. Investors had priced in a quick end to the conflict that began Feb. 28, 2026. That trade unwound real fast.<\/p>\n

West Texas Intermediate (WTI<\/a>) crude climbed as high as $111.50 per barrel intraday, a gain of roughly 11%. WTI now stands at $103.6 at the day\u2019s close. Brent crude<\/a> reached approximately $108 per barrel and sits there at press time. Fuel-sensitive stocks absorbed the hit immediately. Delta Air Lines, United Airlines, American Airlines, Carnival, Royal Caribbean, and Norwegian Cruise Line each fell between 2% and 4%.<\/p>\n

Brent crude on Thursday via tradingview.com.<\/figcaption><\/figure>\n

The Dow Jones Industrial Average<\/a> shed about 0.3%, closing near the 46,400 level after ending April 1 at 46,565.74. The S&P 500<\/a> dropped roughly 0.1% to 6,582.68, trading between a low of 6,474.94 and a high of 6,601.91 on volume<\/span> of approximately 2.62 billion shares. The Nasdaq Composite<\/a> also fell about 0.1%, settling near 21,800.<\/p>\n

\"Trump's
Trump around 1 p.m. Eastern time on April 2, via Truth Social.<\/figcaption><\/figure>\n

Tesla led declines<\/a> among large-cap technology names, falling over 5% on weak delivery figures. Most of the other Magnificent Seven stocks also moved lower. Chip and memory names stayed volatile<\/span> as concerns around artificial intelligence spending continued to circulate.<\/p>\n

Trump to Push for Defense Spending<\/h2>\n

Defense and aerospace stocks held up. The Trump administration\u2019s proposed $1.5 trillion defense budget for fiscal year 2027, reported<\/a> by Bloomberg, continues to draw capital into the sector. Boeing and Caterpillar maintained momentum from the prior session. The proposal would represent the largest annual increase in U.S. military spending since World War II.<\/p>\n

One standout was Globalstar, ticker GSAT<\/a>, which surged on reports of a potential Amazon acquisition. Nike pulled back on soft consumer data.<\/p>\n

Gold<\/span> futures fell nearly 3%, settling around $4,680 per ounce. Spot gold<\/a> traded in the $4,664 to $4,695 range. A stronger dollar<\/a>, up roughly 0.3%, and reduced expectations for Federal Reserve<\/a> rate cuts weighed on both metals. Silver<\/a> dropped between 4% and 6% at points during the session, trading in the $70.80 to $72.30 per ounce range. Both metals remain sharply higher year-to-date, given sustained conflict-driven demand.<\/p>\n

\"Trump's
Gold<\/span> on Thursday via tradingview.com.<\/figcaption><\/figure>\n

Bitcoin<\/a> traded at approximately $67,024 at Wall Street\u2019s close, down about 1.6% from April 1 levels. The coin touched a session low near $65,789. Ethereum fell 3% to 4%, hovering around $2,059. Total crypto<\/span> market capitalization declined roughly 2% intraday to approximately $2.3 trillion. Bitcoin<\/span>\u2019s dominance held near 58%. Solana<\/span> and XRP<\/span> also moved lower.<\/p>\n

The 10-year Treasury yield slipped below 4.31%. Safe-haven flows were mixed, with some demand for Treasuries offset by the dollar\u2019s strength and oil-driven inflation<\/span> concerns. Markets will be closed on Friday for Good Friday. Bond trading ended at 2 p.m. Eastern time. The next major catalyst is the March jobs report, scheduled for Friday release, which investors will review when trading resumes Monday.<\/p>\n

April 1 had posted solid gains across all three major indices: the S&P 500 rose 0.7%, the Nasdaq added 1.2%, and the Dow gained 0.5%. Those moves reflected confidence that the Middle East conflict was near resolution. April 2 showed how quickly that confidence can break.<\/p>\n

The dominant themes heading into next week are the Iran conflict, oil prices, the $1.5 trillion defense budget\u2019s path through Congress, and any signals from the Federal Reserve on inflation<\/a> expectations tied to energy costs.<\/p>\n

FAQ \ud83d\udd0e<\/h2>\n