After exceeding $70,000 on Monday, bitcoin retreated around the $68,000 area as President Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz approaches.
“An entire civilization will die tonight, never to be brought back,” Trump said in a Truth Social Post Tuesday morning. “I don’t want it to happen, but it probably will,” he continued. “Tonight we will experience one of the most important moments in the long and complex history of the world.”
Along with the decline in cryptocurrencies, U.S. stock index futures are poised to open lower, led by the Nasdaq 100 falling 0.65%. WTI crude oil is up 1.7% at $114.22 a barrel.
Mitigating declines in markets were comments from Vice President JD Vance, who — while reiterating the 8 p.m. ET deadline — said the military objectives of the war in Iran had been achieved.
