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CryptoMediumUpdated•Originally published 23 March 2026•Updated 23 March 2026•

1 min read

Bitcoin Slips Below $68,000 on Trump’s Iran Threats as Scaramucci Defends Market Cycle

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Bitcoin price tumbled below $68,000 following threats from US President Trump to bomb Iran's power plants.

2 months ago

Version History

7 additional sources confirmed this story

Version 12 months ago

What changed: Updated the story to include technical analysis from Ali Martinez, framing the October price dip as a strategic entry point based on historical on-chain fractals since 2011.

Bitcoin prices tumbled below the critical $68,000 support level following aggressive rhetoric from US President Donald Trump regarding Iranian energy infrastructure. Amid the volatility, SkyBridge Capital founder Anthony Scaramucci defended the validity of Bitcoin’s four-year cycle, dismissing claims that the traditional market structure has ended. Adding a technical perspective, analyst Ali Martinez stated that October could offer one of the best entry points ahead of a major bull market. Martinez’s outlook is based on an on-chain fractal breakdown that has demonstrated consistent historical patterns since 2011. This analysis frames the current price weakness as a potential "golden window" for investors despite the immediate risk-off sentiment triggered by geopolitical threats. Market participants are now weighing these long-term historical fractals against the short-term instability impacting BTC/USD.