22.06.2025 14:53

Bitcoin's price plummeted below the $100,000 mark for the first time since May 25th, experiencing a significant 4% drop within the last 24 hours. This follows a steeper 5.5% decline over the past week, according to data from TradingView.

The cryptocurrency market's downturn wasn't limited to Bitcoin; a widespread sell-off affected altcoins, pushing many into the red. This resulted in approximately $1 billion in liquidated positions, as reported by CoinGlass. The situation is further complicated by escalating geopolitical tensions.

Earlier reports indicated US military intervention in the Israel-Iran conflict, targeting three Iranian nuclear sites. In response, Iranian Parliament reportedly voted to close the Strait of Hormuz, a crucial global oil transit route. This action immediately impacted oil prices, causing a near 1% increase and fueling international anxieties regarding inflation and potential economic instability.

The market's reaction suggests investors are adopting a risk-averse strategy. The extent of this correction remains uncertain, making it a period of significant market volatility and intrigue for traders. Observing how deep this correction will go is crucial in gauging the market's resilience and investor sentiment. It is important to note that this information is from internet sources and not necessarily indicative of future performance.