Gate News reports that on March 22, due to Trump’s 48-hour final ultimatum to Iran and threats to strike power facilities, Bitcoin quickly retreated over the weekend, falling below the $69,200 mark, with a 24-hour decline of about 2.2% and a weekly decline of 3.1%. Market sentiment dragged down mainstream cryptocurrencies: Ethereum dropped to around $2,114, while XRP, BNB, Solana, Dogecoin, and others all experienced varying degrees of decline. This week, the Federal Reserve kept interest rates unchanged, and its dovish stance was expected to support risk assets, but ongoing war risk news prevented traders from making large unilateral bets. Previously, the market’s rebound driven by hopes of a ceasefire quickly reversed over the weekend. If Iran does not restore passage through the Strait of Hormuz within the deadline, the conflict could escalate further to energy infrastructure, adding to the disruption of approximately 20% of global oil and natural gas transportation.
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