Trump's threat to "destroy" Iranian power plants sends BTC price plunging to $68,000 Bitcoin prices were relatively stable on Saturday, holding above $70,000, but a sharp overnight decline pushed it down to around $68,000 for the first time since March 9. According to Axios, Trump was seeking "liaisons" with the Iranian regime to initiate peace talks to end the war, but the president subsequently reversed course and issued a direct threat: He demanded that Iran reopen the Strait of Hormuz within 48 hours, or he would "strike and destroy its power plants, starting with the largest ones." Kobeissi Letter analyzed and summarized Trump's shift in attitude over the past 36 hours. Influenced by the potential escalation of the Middle East conflict, BTC briefly surpassed $70,000 over the weekend before falling back by several thousand dollars. On exchanges, the price even dipped to $68,000, a three-week low. Altcoins also fell, with Ethereum (ETH) currently below $2,100 and Ripple (XRP) below $1.40. In the past 24 hours, the total value of liquidated leveraged positions exceeded $335 million, primarily long positions. In summary, from negotiations to threats, in just 36 hours, Trump's reversal of his statement about "destroying power plants" caused Bitcoin to plummet below $68,000. As geopolitics regains control over pricing, the market is particularly sensitive to escalating conflicts. Bitcoin was once considered "digital gold" with safe-haven properties, but in this Middle East conflict, it has behaved more like a highly volatile risk asset. When the safe-haven logic temporarily fails, sentiment and liquidity become the short-term drivers. #TrumpThreats