The price of Bitcoin fell sharply by 2.8% overnight after President Donald Trump posted on Truth Social, threatening to 'destroy' Iranian power plants if the Strait of Hormuz is not reopened within 48 hours. This post caused a strong reaction in the cryptocurrency market. Investors reacted to Trump's statements, fearing escalation of the conflict and its impact on the global economy. Experts link the Bitcoin drop to increased uncertainty and a flight by investors to safer assets. Meanwhile, some analysts believe this may be a temporary phenomenon. They point to the fundamental strength of blockchain technology and the growing long-term interest in cryptocurrency.
