Markets Crash as Trump Issues 48-Hour Iran Ultimatum, While Crypto Legislation Breaks Through

Bitcoin plummeted below sixty-nine thousand dollars as President Trump issued a forty-eight-hour ultimatum threatening to obliterate Iranian power plants, triggering two hundred ninety-nine million dollars in crypto liquidations. Meanwhile, major legislative progress emerged as senators reached an agreement in principle on the CLARITY Act's stablecoin yield provisions, potentially unlocking institutional Bitcoin demand. We cover the mining crisis with operators losing nineteen thousand dollars per Bitcoin produced, XRP's struggles below one dollar forty-five, and the extreme fear gripping options markets as traders pay record premiums for downside protection. Plus, why regulatory clarity alone hasn't sparked the rally traders expected.