Trump Threatens to "Destroy" Iranian Power Plants, Sending BTC Price Plummeting to $68,000 Bitcoin's price remained relatively stable on Saturday last week, holding above $70,000, but the overnight trend reversed sharply, falling near $68,000 for the first time since March 9. According to Axios, Trump was seeking "contacts" within the Iranian regime to initiate peace negotiations to end the war, but the president subsequently reversed course and issued a direct threatening statement; demanding that Iran reopen the Strait of Hormuz within 48 hours, or face "strikes and destruction of its various power plants, starting with the largest one." Kobeissi Letter analyzed and summarized Trump's shift in stance over the past 36 hours. Affected by the potential escalation of the Middle East conflict situation, BTC briefly surpassed $70,000 over the weekend before pulling back several thousand dollars. On exchange prices, it even briefly fell to $68,000, marking a three-week low. Altcoins followed suit in their decline, with Ethereum (ETH) currently breaking below $2,100 and Ripple (XRP) falling below $1.40. Over the past 24 hours, the total value of liquidated leveraged positions exceeded $335 million, with long positions being the main casualties. In summary, within just 36 hours—from negotiation to threats—Trump's reversal statement of "destroying power plants" sent Bitcoin crashing below $68,000. When geopolitical concerns regain pricing power, the market becomes particularly sensitive to escalating conflicts. Bitcoin was once viewed as "digital gold" with safe-haven attributes, but in this Middle East conflict, its performance resembles a high-volatility risk asset instead. When safe-haven logic temporarily fails, sentiment and liquidity become short-term masters. #TrumpThreat