President Trump recently issued a 48-hour ultimatum to Iran over the Strait of Hormuz, threatening strikes on power plants if not opened, which escalated tensions and triggered crypto sell-offs on Binance. He later announced a five-day postponement of strikes following diplomatic talks. This volatility hit major coins like Bitcoin, Ethereum, and XRP hardest.

Key Announcement Details

Trump's March 21 ultimatum warned of strikes if Iran didn't fully open the Strait of Hormuz, prompting Iran's defiant response to seal it and target regional infrastructure.� On March 23, he postponed action for five days after "productive conversations," easing immediate fears.�

Crypto Market Impact

The initial escalation caused risk-off moves, with total crypto market cap dropping 2.31% to $2.36 trillion amid fears of oil disruptions and confrontation.� Bitcoin fell 2.58% to $68,820, Ethereum dropped 3.36% to $2,082, and XRP declined 3.04% to $1.39 on Binance.� Solana shed 2.72% to $87.33, while liquidations hit $517 million earlier in the tensions.�

Recovery on De-escalation

Postponement sparked rebounds: Bitcoin surged up to 4.8% toward $71,000, Ethereum to $2,150, and XRP to $1.41, reflecting relief from war risks.� Binance Square posts tracked these swings, with BTC dipping below $69,000 initially before rallying.�