Trump Sets Iran Deadline, Crypto Steady Oil Hits $112
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- Bitcoin slipped to $68,589, extending a six‑week $65k‑$73k range after the cease‑fire rally faded.
- Short sellers incurred $196.7 million in liquidations when the cease‑fire report lifted, before prices fell as Iran rejected the proposal.
- President Trump set a Tuesday‑night deadline for Iran to accept a deal and warned he would destroy “every bridge in Iran” by midnight.
- U.S. crude oil rose above $112 per barrel (Brent $115.66) after Trump’s threats of widespread Iranian infrastructure attacks.
- S&P 500 posted its longest advance since January, holding small gains despite market whipsaw.
- Cryptocurrencies saw Ether $2,104, Solana $79.75, XRP $1.32, Dogecoin $0.09, and BNB $598, with most down 1‑3% after the rally.
Why it matters: Short‑position traders lost $196.7 million in liquidations when the cease‑fire rally collapsed, while Trump’s deadline‑driven oil surge past $112 and the S&P 500’s longest advance since January amplified market volatility that lifts energy stocks but drags crypto prices deeper into the $65k‑$73k range.
