Crypto Potato 2026-03-22 06:18:09

Bitcoin Price Tanked to $68K as Trump Threatened to ‘Obliterate’ Iran’s Power Plants

After a relatively stable Saturday, in which BTC remained above $70,000, the asset’s price moves took a turn for the worse during the night, dropping toward $68,000 for the first time since March 9. This sudden drop came as US President Trump issued a stark threat to Iran if it fails to reopen the Strait of Hormuz. The Latest War Developments The POTUS has long contradicted himself within hours, and the past day or so has proved this narrative once again, at least according to the most recent reports. At first, Axios reported that Trump was looking for the ‘point of contact’ in Iran’s regime to begin negotiations to wind down the war. Later, though, the President himself published a straightforward threat against Iran and its arguably most important infrastructure if it fails to reopen the Strait of Hormuz within 48 hours. “If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” The analysts from The Kobeissi Letter summarized Trump’s reported change of heart in just the last 36 hours alone. President Trump over the last 36 hours: Friday, 3:40 PM ET: “I don’t want to do a ceasefire with Iran.” Friday, 5:15 PM ET: The US is “considering winding down” the war with Iran. Today, 2:00 PM ET: Axios reports Trump is planning “peace talks.” Now: “If Iran doesn’t open the… — The Kobeissi Letter (@KobeissiLetter) March 22, 2026 BTC Price Dumps Bitcoin has reacted quite instantly to the most significant developments during the war in the Middle East, and Trump’s latest major warning was no exception. The asset stood above $70,000 yesterday and even challenged $71,000 at one point, before it collapsed by several grand. On some exchanges, it even dipped below $68,000, while on Bitstamp and Binance, it dropped to as low as $68,200. Nevertheless, both price tags would represent a three-week low. The altcoins followed suit, with ETH slipping beneath $2,100 and XRP below $1.40 before the market staged a minor comeback. Nevertheless, the total value of liquidated leveraged positions was above $240 million in just one hour during the price drop. BREAKING: Over $240 million worth of levered crypto positions are liquidated in 60 minutes after President Trump threatens to “obliterate” Iran’s power plants. https://t.co/HyUX7jBmTc — The Kobeissi Letter (@KobeissiLetter) March 22, 2026 The post Bitcoin Price Tanked to $68K as Trump Threatened to ‘Obliterate’ Iran’s Power Plants appeared first on CryptoPotato .

Most Read News

Bitcoin Rainbow Chart predicts BTC price for...
2026-03-22
Brazil Backpedals on Crypto Taxation as Presi...
2026-03-22
‘Hawk Tuah’ girl Hailey Welsh says memecoin i...
2026-03-22
XRP Enjoying 'Strong Retail Demand,' Report S...
2026-03-22
Searching for the Best Altcoins To Invest? AP...
2026-03-22
Visa CLI tool lets AI agents make card paymen...
2026-03-22
Pundit: This Is Why I Hold XRP, Not Just Stab...
2026-03-22
Shiba Inu’s bear run can continue for another...
2026-03-22

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.