Market Volatility and Liquidations

For the second straight day, President Donald Trump’s shifting rhetoric on the U.S.-Iran conflict served as a primary market catalyst, this time dismantling bitcoin’s gains and dragging the asset below the $66,000 threshold. While his commentary 24 hours earlier sparked a bullish surge past $69,000, his more aggressive stance on Wednesday effectively doused hopes for a swift diplomatic resolution, triggering a sharp reversal in investor sentiment.

As shown by market data, bitcoin briefly dipped to $65,696 following Trump’s threat to return Iran to the Stone Age, underscoring how the top cryptocurrency has lost the resilience it showed in the immediate aftermath of the war. Although it staged a…