After Iran's parliament voted in favor of closing the Strait of Hormuz, global markets experienced intense anxiety. Immediately following this decision, the cryptocurrency market was shaken, and Bitcoin's price suddenly fell below the $100,000 mark.
The Strait of Hormuz—one of the world's most critical energy corridors—if closed, could severely impact global oil supply. Such geopolitical tensions often push investors into a state of uncertainty, which affects not only the cryptocurrency market but also global stock markets.
