Trump’s 48-hour Strait of Hormuz ultimatum puts Bitcoin volatility in focus

On 22 March 2026, President Donald Trump said Iran has 48 hours to fully open the Strait of Hormuz or the U.S. would strike Iranian power plants. Bitcoin was trading at $68,653, down 2.70% over 24h and 4.29% over the past week, as the article argues a confirmed strike could spark a rapid derivatives-driven selloff before any potential rebound narrative takes hold.