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Trump Gave Bitcoin 48 Hours. 24 Have Already Passed

<table> <tr><td> <a href="https://www.reddit.com/r/btc/comments/1s1700i/trump_gave_bitcoin_48_hours_24_have_already_passed/"> <img src="https://preview.redd.it/h95p83ui0qqg1.jpeg?width=640&crop=smart&auto=webp&s=059526b1ce18690417c8882778f171e62c0975bc" alt="Trump Gave Bitcoin 48 Hours. 24 Have Already Passed" title="Trump Gave Bitcoin 48 Hours. 24 Have Already Passed" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Donald Trump has issued Iran an ultimatum: open the Strait of Hormuz within 48 hours or lose every power plant in the country.</p> <p>Bitcoin dropped about 2% in the first 24 hours after the announcement. Liquidations came in around $400 million — within the normal range — and trading volume stayed relatively quiet.</p> <p>All of that points to one thing: crypto investors aren't panicking over this. So the dip below $70K probably isn't worth reading too much into.</p> <p>The fact that Bitcoin slipped back below the old sideways range resistance just suggests the market never truly broke out of it — it's more like the flat zone expanded, somewhere between $70K and $75K.</p> <p>A further drop to $65K is possible if the war premium fades out completely, but here's the thing — almost any scenario from here leads to a recovery. If the conflict escalates, Bitcoin will likely do what it did before and climb. If tensions cool and talks begin, that's a positive for every market, and BTC goes up either way.</p> </div><!-- SC_ON -->   submitted by   <a href="https://www.reddit.com/user/tornavec"> /u/tornavec </a> <br/> <span><a href="https://i.redd.it/h95p83ui0qqg1.jpeg">[link]</a></span>   <span><a href="https://www.reddit.com/r/btc/comments/1s1700i/trump_gave_bitcoin_48_hours_24_have_already_passed/">[comments]</a></span> </td></tr></table>