BTC rises after Trump issues ultimatum to Iran

Bitcoin has risen after U.S. President Donald Trump threatened to strike Iranian energy facilities if the country does not reopen the Strait of Hormuz. Around 3:30 p.m. UTC on April 5, Trump warned that this coming Tuesday would be a day of reckoning for Iran's power plants and bridges, promising to resolve the situation at once in an unprecedented fashion and demanding the immediate opening of the strait. About an hour later, he issued a specific ultimatum, stating he would strike the power plants if the strait was not opened by 12:00 a.m. UTC on April 7. Trump had previously issued an ultimatum to Iran on March 21 but later extended the deadline. Following the president's remarks, BTC has climbed approximately 1.8%, rising from around $67,000 to its current price of about $68,500.