After topping $70,000 on Monday, bitcoin has retreated to the $68,000 area as time approaches President Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz.
“An entire civilization will die tonight, never to be brought back again,” Trump said in a Truth Social Post Tuesday morning. “I don’t want it to happen, but it probably will,” he continued. “We’ll find out tonight, one of the most important moments in the world’s long and complex history.”
Alongside declines in crypto, US stock index futures are poised to open lower, led by the Nasdaq 100’s 0.65% drop. WTI crude is higher by 1.7% at $114.22 a barrel. barrel.
Dampening declines across markets were comments from Vice President JD Vance, who — while reiterating the 7 p.m. 8 p.m. ET – said the military objectives of the Iran war have been accomplished.
