Bitcoin Volatility Spikes as Iran Threatens Strait of Hormuz Closure

In a dramatic turn of events, Bitcoin (BTC) briefly dipped below $100,000 to $98.2k on Monday, June 23, 2025, following Iran’s threat to close the Strait of Hormuz, a vital artery for 20% of global oil trade.

According to a post by Wu Blockchain, the sudden geopolitical tension triggered over $1 billion in liquidations, shaking the crypto market. The U.S. Energy Information Administration notes that past disruptions in the region, like the 2019 tanker attacks, have spiked oil prices by up to 10%, amplifying Bitcoin’s volatility—a trend evident in today’s sharp sell-off under thin liquidity conditions.

image 90
Source: Coingecko

However, the quick rebound above $100k signals strong buying pressure, likely from institutional investors or “whales.” A 2023 Journal of Financial Economics study found that 70% of Bitcoin’s price stability post-dip correlates with large wallet activity, suggesting deep-pocketed players stepped in to stabilize the market.

This resilience comes as markets brace for major U.S. economic data releases this week, including the Non-Farm Payrolls report and PCE inflation (2.6% year-over-year), per Federal Reserve forecasts. Fed Chair Jerome Powell’s testimony could further sway sentiment, potentially overshadowing geopolitical fears if labor trends hint at policy shifts.

The $100k level now serves as a critical inflection point for BTC. Analysts on X, including AlvaApp, highlight a fragile market structure amid macro crosswinds, with a supply crunch adding a bullish tailwind. Retail sentiment remains jittery, but institutional steadiness could push prices toward $105k if $99k holds. As DeFi innovation and macroeconomic uncertainty collide, dynamic risk management will be key.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

XLM Gains Over 7% as Price Tests Breakout Resistance Near 0.25

XLM forms a falling wedge pattern with strong historical...

Pi Consolidates Near $0.25 With Growing Strength Against Market Volatility

Pi holds steady near $0.25 as volume rises, market structure strengthens, and support levels remain firm, signaling stable momentum amid broader market volatility.

BNB Approaches $900 Resistance After Hitting 0.50 Fibonacci Retracement

BNB broke above a descending trendline after holding support...

Kaspa Nears Full Coin Emission as Market Cap Tops $1.6B in 24-Hour Spike

Kaspa surges above $1.6B market cap as strong price action, rising volume, and improving technical signals boost momentum while its near-complete emission strengthens long-term market positioning.

Powerful Bitcoin Reset: 3 Bullish Signals Behind the Massive OI Crash

Bitcoin’s open interest plunges 20% to $30B — the...

Topics

XLM Gains Over 7% as Price Tests Breakout Resistance Near 0.25

XLM forms a falling wedge pattern with strong historical...

Pi Consolidates Near $0.25 With Growing Strength Against Market Volatility

Pi holds steady near $0.25 as volume rises, market structure strengthens, and support levels remain firm, signaling stable momentum amid broader market volatility.

BNB Approaches $900 Resistance After Hitting 0.50 Fibonacci Retracement

BNB broke above a descending trendline after holding support...

Kaspa Nears Full Coin Emission as Market Cap Tops $1.6B in 24-Hour Spike

Kaspa surges above $1.6B market cap as strong price action, rising volume, and improving technical signals boost momentum while its near-complete emission strengthens long-term market positioning.

Powerful Bitcoin Reset: 3 Bullish Signals Behind the Massive OI Crash

Bitcoin’s open interest plunges 20% to $30B — the...

Ethereum Whale’s Epic $7.5B Rise: A Stunning 10-Year Crypto Triumph

Ethereum ICO whale transforms $79K into $7.5B over 10...

Arbitrum’s 2025 Setup: The “Undervalued” L2 Showing a Powerful 50% Reversal Signal

Michaël van de Poppe flags ARB as “extremely undervalued”...
spot_img

Related Articles

Popular Categories

spot_imgspot_img