Bitcoin (CRYPTO: BTC) is down 3%, sinking below $67,000 after President Trump’s Iran war address signaled further escalation over the next two to three weeks, pushing crude oil above $104 per barrel on Thursday.

Trump Doubles Down

Markets climbed hours before Trump’s speech, pricing in hopes for de-escalation and resumed oil supplies through the Strait of Hormuz. 

Instead, Trump said the U.S. would “hit” Iran “extremely hard” over the next two to three weeks as military objectives near completion.

Trump warned of additional strikes on Iranian electric infrastructure if no deal is reached.

He offered no concrete timeline for reopening the Strait of Hormuz, leaving that task to…

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