CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-22 14:42:37

Bitcoin Price Slips Below $100K, Hinting Oil-Led Risk-Off on Wall Street

Bitcoin BTC fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz. The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% of the global oil trade. Reports of Iranian politicians mulling the closure of the Strait had observers worried about a significant spike in oil prices early Monday. "After US strikes on Iran last night, 50+ large oil tankers were scrambling to leave the Strait of Hormuz. Markets have been closed, but an immediate drop in supply is expected to send prices higher. JP Morgan described this as their worst-case scenario in the Israel-Iran war," The Kobeissi Letter said on X. According to JPMorgan, oil could surge to $120-$130 per barrel in that scenario. That could potentially lift the U.S. inflation rate to 5%, the highest since March 2023. At the time, the Federal Reserve was raising interest rates. The losses in BTC weighed heavily over the broader crypto market, as usual, dragging major altcoins such as XRP, SOL, and ETH lower. The payments-focused XRP slipped 6% to $1.935, the lowest since April 10. Ethereum's ether token slipped to levels seen in early May, according to CoinDesk data.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约