Bitcoin $102,702.04The weekend decline below $ 100,000, and has reached the lowest level since May. In the background of this development, Iran took the Hormuz Strait on its agenda and increased geopolitical risks in the Middle East. In the markets, the US search for a safe harbor after the US air strikes on Iran becomes evident, while prices are moving in energy markets.
Hormuz Strait and Energy Trade
The Strait of Hormuz, which is located between Oman and Iran, is in a strategic position that connects the Persian Bay to the Gulf of Oman and the Arab Sea. It is foreseen that the closure of the throat, which hosts about 20 percent of global oil trade, can lead to a major supply crisis. In the latest news, some Iranian politicians evaluated the possibility of closing the throat, and this situation strengthened the expectation of rise in oil prices on the first trading day of the week. Regarding these developments, investors and analysts foresee extra volatility in the energy market.
In Wall Street, investors increased the tendency to avoid risk in parallel with tensions in the region. Following the US -led air strikes, he was among the information that more than 50 large oil tankers took action to leave the Strait of Hormuz ”. According to some analyzes, with the opening of the markets, a rapid increase in oil prices is expected to be a sudden contraction in supply.
The Kobeissi Letter: “Following the US attacks on Iran last night, more than 50 large oil tankers took action to leave the Strait of Hormuz. Although the markets are closed, a sudden decrease in supply can raise prices. JP Morgan defines this as the worst scenario in Israel-Iranian tension.
Crypto Coins Decrease
According to JPMorgan’s evaluations, the barrel price of oil in the negative scenario can reach $ 120-130. Such an increase may increase inflation to 5 percent in the USA. This figure attracted attention as the highest level since March 2023, while the US Central Bank had increased interest rates.
JPMorgan assessment: “If oil prices rise to $ 120-130, the inflation rate in the US may reach 5 percent.”
The crypto money market was deeply affected by these developments. After harsh decreases in Bitcoin, XRP, Solana (left) and Ethereum (ETH) 
$2,278.30 The downward movement was observed in pioneering subcoins such as. The price of the XRP has decreased to the lowest level since April 10, while Ethereum has also decreased to the levels at the beginning of May.
Observed hard volatility, Bitcoin and other crypto assets have once again revealed that it can be easily affected by the volatility in the markets in high risk environments. As a matter of fact, we mentioned that the risk of sharp loss increased with the decline of volumes at the weekend. The decline in this respect was not surprising.
Uncertainty in energy markets can lead to potential problems in the supply chain and international economic balances. Therefore, we should be prepared for sudden fluctuations because both financial and real sector actors closely follow the developments. Even allegations that the Hormuz Strait can be closed, while triggered such losses, can really trigger the decline of historical decrease. Mobility is expected to increase as of this night.
As rising geopolitical risks lead to significant fluctuations in financial markets, especially energy and crypto markets were the focus of investors. Oil shipment through the Strait of the Hormuz can be directly affected by the slightest political development in the region. It is stated that the news that Iran can close the Strait increases the risk of supply and price risks in international markets. Crypto assets with the rise of volatility in this environment with the possibility of more depreciation is raised. Analysts say that investors may need to monitor developments and manage their portfolios more carefully.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
