According to analysts at ING and energy expert Anas Alhajji (via TradingView and X), Bitcoin (BTC) successfully defended the critical $100,430 support after oil prices reversed early gains despite geopolitical tensions in the Middle East. Oil markets reacted less dramatically than expected to the U.S. airstrike on Iran, with Brent and WTI both erasing most of their initial 3% spikes. BTC rebounded above $101,000, signaling resilience among risk assets as investors discounted the likelihood of a major oil supply disruption through the Strait of Hormuz. This muted oil reaction has reduced immediate stagflation risks, allowing crypto traders to focus on technical support levels. If BTC maintains support above $100,430, bullish momentum could target previous highs near $110,000, while a break below this level may shift attention to the $95,900 region, where the 100- and 200-day SMAs converge. (Sources: TradingView, ING report, Anas Alhajji/X)

According to Crypto Rover, Iran's parliament recently discussed the possibility of closing the Strait of Hormuz, but lacks the actual authority to take such action, as this decision rests with the Supreme Leader and Iran’s Security Council (source: Crypto Rover on Twitter, June 23, 2025). As a result, both oil and global financial markets, including the cryptocurrency market, remain stable for now. Traders should note that despite heightened geopolitical rhetoric, there is no concrete threat to energy supply routes at this time, keeping volatility in oil prices and major cryptocurrencies like BTC and ETH subdued. Continued monitoring is advised for any escalation that could trigger broader risk-off sentiment across crypto assets.

According to The Kobeissi Letter, in the past 72 hours, the US conducted airstrikes on Iranian nuclear sites, Russia declared readiness to help supply Iran with nuclear weapons, and Iran's parliament voted to close the Strait of Hormuz. Despite these major geopolitical events, US stock market futures opened only 0.5% lower. For crypto traders, this muted response in traditional markets suggests continued risk appetite, with Bitcoin (BTC) and Ethereum (ETH) likely to see increased safe-haven flows if tensions escalate further, as seen in previous global crises (source: The Kobeissi Letter, June 22, 2025).

According to The Kobeissi Letter, the United States has called on China to intervene and prevent Iran from closing the Strait of Hormuz, a critical global oil transit chokepoint. This development has heightened geopolitical risk, impacting global markets including cryptocurrencies. Traders should note that increased tension in the Strait of Hormuz can lead to volatility in both traditional energy markets and digital assets such as BTC and ETH, as investors may seek safe-haven assets amid instability (source: The Kobeissi Letter, June 22, 2025).

According to CrypNuevo, Bitcoin (BTC) is showing early signs of weakness ahead of a likely stock market sell-off following recent US intervention in Iran. As geopolitical tensions escalate and concerns grow over a possible Iranian blockade of the Strait of Hormuz, risk assets such as cryptocurrencies may see increased downward pressure. Traders should monitor global conflict developments and US stock market reactions closely, as further instability could drive BTC and broader crypto prices lower (source: CrypNuevo on Twitter, June 22, 2025).

According to The Kobeissi Letter, the Strait of Hormuz is crucial for global energy markets, with 20% of the world’s oil supply passing through its narrow 21-mile channel. A single blockade could drive oil prices above $150 overnight, surpassing the daily oil traffic of both the Panama and Suez Canals combined. For cryptocurrency traders, such a geopolitical event could trigger heightened volatility as oil-driven inflation impacts global risk sentiment, potentially influencing the value of BTC and other digital assets (Source: @KobeissiLetter, June 22, 2025).

According to The Kobeissi Letter, the Strait of Hormuz remains the only major sea outlet for oil exports from Kuwait, Qatar, Bahrain, and a significant portion of Saudi Arabia’s production, with limited alternative pipeline capacity (source: The Kobeissi Letter on Twitter, June 22, 2025). Any disruption in this chokepoint can trigger oil price volatility, influencing global inflation expectations and driving increased trading activity in crypto markets as investors seek alternative assets. Historically, heightened tensions in the region have correlated with spikes in Bitcoin (BTC) and Ethereum (ETH) prices due to safe-haven demand.

According to The Kobeissi Letter, the Strait of Hormuz, situated between Oman and Iran, is responsible for controlling approximately 20% of the world’s daily petroleum liquids consumption, making it a critical chokepoint for global energy supply (source: @KobeissiLetter, June 22, 2025). For crypto traders, disruptions or geopolitical tensions in this region can result in increased market volatility, as surges in oil prices often drive risk-off sentiment and capital flows into safe-haven assets like Bitcoin (BTC) and Ethereum (ETH). Monitoring developments in the Strait of Hormuz is essential for anticipating potential short-term volatility across both energy and cryptocurrency markets.

According to The Kobeissi Letter, the Strait of Hormuz remains the only major sea outlet for oil exports from key producers such as Kuwait, Qatar, Bahrain, and much of Saudi Arabia, with alternative routes relying solely on limited pipeline capacity (source: The Kobeissi Letter, June 22, 2025). This ongoing geographical bottleneck heightens oil supply risk, which historically triggers volatility in global markets, including cryptocurrencies like BTC and ETH. Traders should monitor potential disruptions in the Strait of Hormuz, as oil price shocks often lead to increased trading volumes and price swings in major digital assets, offering both risk and opportunity for short-term crypto strategies.

According to The Kobeissi Letter, JP Morgan estimates that a closure of the Strait of Hormuz could drive oil prices up to $120-$130 per barrel, which would likely push US CPI inflation to around 5%. The last time US inflation reached this level was in March 2023, prompting aggressive interest rate hikes by the Federal Reserve (source: The Kobeissi Letter, June 22, 2025). For crypto traders, such a spike in inflation and potential Fed tightening historically led to increased volatility in Bitcoin (BTC), Ethereum (ETH), and other digital assets, as investors react to macroeconomic stress and seek alternative stores of value.