The post Bitcoin crashes to $68,000 as US threatens to “obliterate’ all Iranian power plants appeared on BitcoinEthereumNews.com.

Bitcoin drops after Trump’s Truth Social threat turns ceasefire language into renewed escalation Overnight, Bitcoin dramatically fell 2.8% after President Donald Trump issued a Truth Social post threatening to “obliterate” Iran’s power plants if the Strait of Hormuz was not reopened within 48 hours. The drop ran from roughly $70,400 to $68,200 before a partial rebound toward $69,500. By press time, Bitcoin had softened again to around $68,700. The sequence points to a discrete trigger. It was a fast repricing tied to a live geopolitical development that widened the escalation path just as markets had begun to price a less aggressive trajectory. The immediate question is whether the move was a temporary air pocket or a more meaningful change in market structure. That distinction carries weight because Bitcoin had not been trading like a market in collapse. Over the prior two weeks, it had shown a pattern of smaller drawdowns on larger war-related developments, and by last week Bitcoin was outperforming most major assets after initially selling off when the conflict began. Barron’s also noted that crypto had started to attract flows as a hedge against Iran-related geopolitical risk. That is why Trump’s post stands out. It hit a market that had already built a recovery case around the idea that the first panic had been absorbed. The useful question is whether the post interrupted a still-valid recovery structure, or reminded the market that the recovery had not yet earned acceptance above the range that counted. The post also carries extra force because of the sequence around it. Less than 24 hours earlier, Trump had been discussing the possibility of winding the war down. That did not amount to a ceasefire, and markets had little reason to treat it as one. It still narrowed the perceived path of near-term escalation.…

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Filed under: News - @ March 22, 2026 10:25 am