Trump's War on Iran Becomes War on Your Portfolio: Bitcoin Tanks to $66K as Oil Surges Past $104

Bitcoin price dropped to $66K levels while US stock futures shed more than $550 billion as oil climbed 5% on Thursday, after President Donald Trump's speech offered no clear timeline on ending the US-Iran war. Apparently, markets were hoping for "peace in our time," but instead got "war in your portfolio"—the most accurate description of a rug pull since FTX's公关 team tried damage control.

Markets were expecting good news on de-escalation and oil supply resumption from Trump's address to the nation. Instead, investors got the opposite. Apparently, buying the rumor and selling the news works even when the news is "we're about to bomb the Middle East even harder." Classic case of unrealistic expectations meeting geopolitical reality—kind of like expecting Bitcoin to actually follow technical analysis.

Trump said the US is going to "hit" Iran "extremely hard" over the next two or three weeks, sending crude oil prices to $104 per barrel. Military objectives are nearing completion, he warned, with potential further strikes on electric infrastructure if no deal is reached. For those keeping score at home, Trump's timeline for "two or three weeks" of aggression translates roughly to "until the next tweet," which could be tomorrow or never.

The US dollar index climbed 0.33% to 100, causing investors to scale back expectations for Fed rate cuts this year. The US 10-year Treasury