Bitcoin fell to 101 thousand dollars: US-Iran tension shook the crypto market
Bitcoin began with a decline in the US with a nuclear attack on Iran. The price tested $ 99,000, looking for balance at $ 101,000. Blood pressure in the Middle East negatively affected the crypto market by lowering the risk appetite.
Bitcoin fell to 101 thousand dollars: the US-Iranian tension, the harsh reverse wind blowing in the crypto markets
Bitcoin began the week in the shadow of geopolitical risks. After the US attack on three separate nuclear facilities in Iran at the weekend, the price of Bitcoin tested $ 99,000. As of Monday morning, the price was recovered for $ 101,000, but the $ 103,000 - $ 108,000 band protected during June was broken downward.
US President Donald Trump claimed that the attacks “neutralize Iran’s nuclear infrastructure”. However, these statements have not yet been confirmed. The UN International Atomic Energy Agency (IAEA) said there was no unusual increase in radiation levels in the region.
Iran, on the other hand, described the attack as a heavy threat and announced that “retaliation that will have serious consequences”. Regional press, Tehran administration evaluated the closure of the Strait of Hormuz, he said. This throat is a strategic energy gate where approximately one -third of global oil shipment.
💹 pressure on Bitcoin, climbing petroleum
While the developments led to loss of confidence in crypto markets, investors turned to traditional safe ports. Bitcoin lost 1.3 %, while Ethereum (ETH) dropped 1.9 %to $ 2.247, and the XRP dropped to $ 2.03. Other Altcoins such as Dogecoin, Cardano and Solana decreased between 1-2 %.
On the other hand, oil prices began to rise. The possibility of passing through the Strait of Hormuz would be interrupted and fueled concerns about the supply crisis. The increase in energy prices can worse the already fragile global inflation appearance.
📉 Fed and Powell effect continues
Crypto markets are not only suppressed by geopolitical tension, but also from macroeconomic signals. The US Federal Bank (FED) President Jerome Powell will be carefully monitored by Congress this week.
In the markets, the expectation that Powell will give messages that he can keep interest rates high for a long time. This increases sales pressure, especially on speculative assets. Crypto currencies are often experienced in such periods because they do not have a safe port perception.
🌐 Global concern: risk appetite is decreasing
US-Iran tension is not only crypto; It affects many classes of assets from stocks to commodities, from currencies to bonds. In the event of this tension, it is stated that assets with high volatility such as Bitcoin may be more pressure.
Market experts predict that $ 100,000 in the short term is critical psychological support, and the decline may accelerate if a permanent break below this level.