As President Trump's 48-hour ultimatum on the Strait of Hormuz approaches its deadline, global markets remain tense amid escalating geopolitical tensions. The cryptocurrency market has wiped out $412 million in liquidations over 24 hours, with Bitcoin liquidations reaching $121 million. Analysts have outlined two possible scenarios: a partial resumption of economic activity could provide a brief bounce for Bitcoin, while if oil prices surge and inflation concerns intensify, continued escalation could push Bitcoin between $66,000 and $67,000. Bitcoin had previously briefly broken through $76,000 but has since retreated to below $68,000, with traders awaiting key inflation data.