Bitcoin Iran attack the encryption market

Bitcoin It has decreased to its lowest level since May during the weekend, as the growing tensions in the Middle East and renewed inflation fears raised a sharp sale across digital assets.

Bitcoin fell to less than $ 99,000 on Sunday – its lowest level in more than a month – while the ether fell more than 10 % at one point, as the digital asset market became the first from a price in high geopolitical risks. Solanaand XrpAnd Dokwin He also spread sharp losses, and withdrawing the entire encryption complex sharply.

By late Sunday, digital assets began to recover. Bitcoin has been trading slightly lower than $ 101,000, a decrease of only 1 % over the past 24 hours, while ether I cut some losses, from 2.5 % to about 2200 dollars.

The sale seems to be a mixture of geopolitical shock and total economic anxiety.

According to what was reported, Iran threatened to prevent the Strait of Hormuz – a vital charging lane dealing with about 20 % of global oil supplies. Jpmorgan It warns that a full closure can push oil prices to the highest level $ 130 a barrel.

A single Macro research company notes one prominent Such a height can re -inflation again about 5 % – an unprecedented level since March 2023, when the Federal Reserve was still actively raising the rates.

Outlook has merchants re -evaluating the interest rate path – alternating speculative assets such as encryption.

While Bitcoin is often placed as an inflation, it is currently acting more like high technology stocks. According to the Crypto Kaiko data providerBitcoin’s association with NASDAQ has increased sharply in recent weeks, after it reached the lowest level in the number of work earlier this year-a period that coincided with the increase in flows in the investment funds circulating in Bitcoin.

An institutional identification appears to have turned.

More than 1.04 billion dollars flowed to the investment funds circulating in Bitcoin from Monday to Wednesday, According to data from Coinglass. However, those flows collapsed to the weekend, with a net zero movement on Thursday and only $ 6.4 million on Friday – coincided with the president Donald Trump early G7 departure And the announcement a Review for two weeks From our options on Iran.

The artistic collapse added fuel to sale.

Coinglass Research shows that Bitcoin decrease less than $ 99,000 has led to forced sale via marine derivative platforms such as Binance and BYBIT. At its peak on Sunday, more than a billion dollars of encryption sites were liquidated within a period of 24 hours-with more than 95 % of the long bets, which confirms the extent of excessive market at the end of the week.