The President of the United States (US) Donald Trump threatened to attack all Iranian power plants within 48 hours starting if the Middle Eastern country does not immediately open the Strait of Hormuz.
"If Iran does not fully open, without threats, the Strait of Hormuz, within 48 hours from now, the United States will attack and destroy various Power Plants, starting from the largest first!" he said, quoting his Truth Social account on Sunday (22/03).
This caused Bitcoin ($BTC ) to experience a decline of below US$70 thousand or minus 3%. However, it was not as severe as what happened with gold, which plummeted by 10.3%, according to Trading View.
This event reflects that the resilience of Bitcoin is beginning to change despite being hit by negative news. Moreover, according to Bitwise Advisor Jeff Park, Bitcoin has better resilience among all assets in the crypto market, if conditions return to normal.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
-# Source of image: Crypto Academy 2026
