Hormuz crisis hits Bitcoin! $100,000 level broken
The Iranian Parliament's decision to close the Strait of Hormuz has shaken global markets. With panic selling beginning in cryptocurrencies, Bitcoin has lost its $100,000 support level and entered a decline.
12punto
Following the tension in the Strait of Hormuz, Bitcoin has lost its $100,000 support level and entered a decline.
Following the Iranian Parliament's decision to close the Strait of Hormuz, sharp sell-offs have begun in the cryptocurrency market. With this development, Bitcoin has lost the $100,000 support level it had maintained since May 8.
Experts stated that BTC could retreat to the $97,400 support level, and if this level is broken, $93,400 could come into play. Investors have been advised to be cautious with crypto assets due to global tensions.