Bitcoin, Ethereum, XRP, and Dogecoin all dropped as investors reacted to President Donald Trump's warning to Iran over the Strait of Hormuz. Over $330 million was liquidated from the cryptocurrency market over the past 24 hours, with $241 in long positions obliterated. The global cryptocurrency market capitalization stood at $2.42 trillion, despite a modest drop of 0.83% over the last 24 hours. Open interest in Bitcoin futures fell 0.21% in the same period, while Binance’s derivatives traders remained long on the apex cryptocurrency. The Dow Jones Industrial Average Futures fell 116 points, or 0.25%, as of 8:43 p.m.