$BTC Trump's speech dampened hopes for a quick resolution to the military conflict with Iran, and investors began reducing their holdings in risky assets.

At the same time, it is worth noting that Bitcoin weathered the war better than many other assets. At the end of March, it increased by 2% compared to the previous month, breaking a five-month decline streak. Gold, typically considered a safe-haven asset, fell by more than 11% at the end of March.

Demand for Bitcoin has remained under pressure since the sell-off began in October, resulting in the token's price dropping approximately 45% from its October peak, when it exceeded $126 000. According to the CryptoQuant report, visible demand—which measures how much demand exceeds or falls short of the volume of newly mined Bitcoins—was negative at the end of last month and stood at around 63,000.