Here are the most important events in the cryptocurrency space over the past 24 hours: Bitcoin (BTC) Highlights: 🔸Trump issued a 48-hour ultimatum, threatening to destroy Iranian power plants if the Strait of Hormuz is not fully reopened, causing Bitcoin's price to plummet to $68,951. 🔸Following the Bitcoin price crash, over $322 million worth of cryptocurrency was liquidated, mostly long positions, as Bitcoin broke below the $70,000 support level. 🔸Spot Bitcoin ETFs recorded a net outflow of $52.1 million on March 20th, marking the third consecutive day of outflows, with BlackRock IBIT experiencing the largest net outflow at $45.9 million. 🔸According to VanEck's ChainCheck data from mid-March, Bitcoin options downside protection premiums hit an all-time high, and realized volatility fell from 80 to 50. 🔸Federal Reserve Chairman Jerome Powell accepted the Volcker Public Integrity Award on March 21 but made no comments on the economy or policy. Altcoin Latest News: 🔸Cryptocurrency Layoffs Continue: Crypto.com laid off 12% of its workforce (approximately 180 employees) citing artificial intelligence; the Algorand Foundation laid off 25%; and Gemini has laid off 30% of its workforce since January. 🔸Gemini faces a class-action lawsuit accusing the Winklevoss brothers of misleading IPO investors before moving into prediction markets; its stock price has fallen 82% since its September IPO. 🔸OpenSea postponed its planned $SEA token airdrop, originally scheduled for March 30, with the CEO citing a "challenging" market environment. 🔸Hyperliquid ($HYPE) remained stable around $39.75, making it the strongest performing large-cap stock this month, largely thanks to Grayscale's filing for the HYPE #ETF S-1. 🔸Gold prices fell to $4,489 per ounce, a drop of over 14% in March, on track for its worst monthly performance since 1983. Soaring oil prices exacerbated inflation concerns. 🔸Brent crude oil prices broke through $114 per barrel mid-week as escalating tensions in the Middle East and Trump's threats against Iran further increased uncertainty in the energy market.