Trump Gave Bitcoin 48 Hours. 24 Have Already Passed

Donald Trump has issued Iran an ultimatum: open the Strait of Hormuz within 48 hours or lose every power plant in the country.

Bitcoin dropped about 2% in the first 24 hours after the announcement. Liquidations came in around $400 million — within the normal range — and trading volume stayed relatively quiet.

All of that points to one thing: crypto investors aren't panicking over this. So the dip below $70K probably isn't worth reading too much into.

The fact that Bitcoin slipped back below the old sideways range resistance just suggests the market never truly broke out of it — it's more like the flat zone expanded, somewhere between $70K and $75K.

A further drop to $65K is possible if the war premium fades out completely, but here's the thing — almost any scenario from here leads to a recovery. If the conflict escalates, Bitcoin will likely do what it did before and climb. If tensions cool and talks begin, that's a positive for every market, and BTC goes up either way.