- President Trump issued a 48-hour deadline via Truth Social for Iran to fully open the Strait of Hormuz or face the total destruction of its power plants
- The Pentagon confirmed the sinking of sixteen Iranian mine-laying vessels in the waterway following reports of maritime interference
- Bitcoin prices fell below the sixty-nine thousand dollar support level as the market reacted to the potential for a major energy shock and military escalation
- Analysts noted that Bitcoin acted as the first liquid market to price in the conflict while traditional markets remained closed during the initial weekend threats
- Oil prices surged toward one hundred ten dollars per barrel as Saudi Aramco reduced output at two fields due to regional instability
Bitcoin drops below sixty-nine thousand dollars following Trump ultimatum to Iran over Strait of Hormuz
Mar 22, 2026, 12:01:33 AM UTC(22 hours ago)
Impact: Very High
Affected Assets
Sources
From:@WatcherGuru
JUST IN: Bitcoin crashes under $69,000 after President Trump threatens to "obliterate" Iran's power plants if Strait of Hormuz is not opened within 48 hours. https://t.co/0EIs7KUpcc
