Weekend gains for bitcoin were largely erased ahead of the president’s Tuesday evening deadline for reopening the Strait of Hormuz
Updated Apr 7, 2026, 1:13 p.m. Published Apr 7, 2026, 1:00 p.m.
After exceeding $70,000 on Monday, bitcoin BTC$69,132.12 fell back to around $68,000 as President Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz approaches.
“An entire civilization will disappear tonight, never to be brought back to life,” Trump told the Truth Social publication Tuesday morning. “I don’t want that to happen, but that’s probably what will happen,” he continued. “We will find out tonight, one of the most important moments in the long and complex history of the world. HAS”
Alongside declines in the cryptocurrency sector, U.S. stock index futures are expected to open lower, led by the Nasdaq 100 falling 0.65%. WTI crude oil is up 1.7% at $114.22 a barrel.
The easing of declines in the markets followed statements by Vice President JD Vance, who — while reiterating the 8 p.m. Eastern time deadline — declared that the military objectives of the war in Iran have been achieved.
