TechFlow news, June 23 — QCP released a report stating that Bitcoin briefly fell below the psychological $100,000 mark on Sunday, dropping as low as $98,200, its lowest level since breaking above $100,000 on May 8. The decline was triggered by Iran's threat to close the Strait of Hormuz, leading to over $1 billion in liquidations across the crypto market. However, Bitcoin reclaimed the $100,000 level early Monday, indicating that the weekend pullback was primarily driven by macro factors. Despite Iran's retaliatory threats, markets appear to assign limited probability to a major escalation, with U.S. diplomatic efforts helping to contain tensions, contributing to market stability. Traditional markets also remained calm, with U.S. equity futures, oil, and gold prices returning to Friday levels after initial volatility, as investors view the situation as a regional risk rather than a global crisis. Analysts note that the Bitcoin market is at a critical juncture, balancing risk appetite against safe-haven demand amid geopolitical uncertainty.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
