Gate News update: Bitcoin traders are closely watching the ultimatum set by U.S. President Donald Trump—due Tuesday night at 8:00 p.m.—demanding that Iran reopen the Strait of Hormuz, or else the United States will launch attacks on its power plants and bridges. Current Bitcoin price is holding near $68,000; market sentiment is highly tense, and investors are seeking safe-haven positioning amid uncertainty.
CF Benchmarks research head Gabe Selby said that cryptocurrencies are the only asset class in global markets that can reflect geopolitical tensions in real time. When weekend liquidity was thin, Bitcoin saw more than $200 million in sell-offs, but quickly rebounded to the $69,000 level in a short time, showing its agility during major events. Selby added that Bitcoin’s 24/7 trading mechanism makes it a go-to asset in response to news related to ceasefires in the Middle East.
Iran rejected a U.S. ceasefire plan brokered by Pakistan and put forward 10 counterproposals, calling for an end to regional conflict, the lifting of sanctions, and a commitment to reconstruction. Trump escalated pressure on the eve of Easter, warning that if no agreement is reached, Iran’s critical infrastructure could be targeted before midnight on Wednesday.
Economist Ed Yadni said the outcome is difficult to predict. Iran could give in, refuse to compromise, or Trump could push the deadline back again—while the risk of war escalation remains. The market is pricing in these uncertainties, and Bitcoin’s volatility has become an important indicator for investors to judge how events may unfold.
As global investors focus on this geopolitical flare-up, Bitcoin trading remains active. Investors should be mindful of the risks of price volatility, while also monitoring progress in negotiations between Iran and the United States, to gauge any potential safe-haven demand in the market.
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