โ ๏ธ Tensions escalate! The US has officially entered the conflict between Israel ๐ฎ๐ฑ and Iran ๐ฎ๐ท, launching a strike on Iran โ and the crypto market felt the impact.
๐ Bitcoin (BTC) took a hit, dropping below the key psychological barrier of $100,000, dragging many altcoins down with it.
๐ฐ As fear spreads among investors, the Singapore-based research firm QCP Capital shared their analysis on the unfolding situation.
๐ง According to QCP, the recent BTC sell-off marks the lowest level since BTC first broke the $100K milestone back on May 8.
๐ฅ The drop was sparked by Iranโs threat to shut down the Strait of Hormuz, a critical route for global oil shipments โ a move that rattled global markets.
๐ With geopolitical tension rising and economic uncertainty growing, both traditional and crypto markets are feeling the pressure.
Stay tuned, this situation is still developing... ๐ฐ๐ฒ #BTC #Bitcoinโ