Bitcoin drops below $69,200 as Trump gives 48-hour ultimatum on Iran power plants
By Shaurya Malwa
Published on March 22, 2026.
Bitcoin has dropped below $69,200 after U.S. president Donald Trump issued a 48-hour ultimatum to Iran, threatening to attack its power plants if they do not reopen the Strait of Hormuz or face attacks on them. This move was seen as a significant escalation from Friday's announcement of deescalating the military operation. Major tokens such as Ether, XRP, BON, and solana also fell in line with the trend. The total value of Bitcoin fell to $299 million over the past 24 hours, with long liquidations accounting for $254 million, accounting for 85% of the total.
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