Bitcoin Slips to $68,000 as Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz

Bitcoin recorded a 2.8% overnight drop, falling to approximately $68,241 and losing its footing above the $70,000 mark. This decline followed a 48-hour ultimatum from Donald Trump to Iran regarding the reopening of the Strait of Hormuz. In a post on Truth Social, Trump escalated his rhetoric by threatening to "obliterate" all Iranian power plants if the military demands are not met. The direct threat triggered a massive wave of liquidations, with leveraged positions totaling $240 million wiped out in just one hour. Analysts noted that the shift from general rhetoric to specific military threats has intensified geopolitical uncertainty across global markets. Investors are now closely monitoring how this escalation will impact risk appetite as security concerns overshadow previous inflation data. These movements underscore the high sensitivity of digital assets to sudden political tensions in the Middle East.

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