President Donald Trump announced on Truth Social that the U.S. is in 'serious discussions' with a 'new, more reasonable regime' in Iran, signaling a possible shift in Tehran’s leadership.
He demanded immediate reopening of the Strait of Hormuz and threatened to destroy Iran’s power plants, oil wells, Kharg Island, and even desalination facilities unless a deal is struck quickly.
This escalation signal, combined with de-escalation hopes, created volatility in markets. Bitcoin surged to $67,580, while Ether, Solana, and XRP also gained.
Crypto traders absorbed $340 million in liquidations over 24 hours, with a major $9.8 million BTCUSD order on Bybit.
Despite short-term gains, Bitcoin and altcoins remain in a broader bearish trend.