Gate News bot news, following the recent U.S. airstrikes on Iran's nuclear facilities, tensions in the Middle East have escalated rapidly. The Iranian parliament has therefore approved a plan to close the Strait of Hormuz. This strait is one of the most important oil routes in the world, carrying about 25% of global oil transport. However, the final decision still rests with Iran's Supreme National Security Council. Despite this, the news has already raised concerns in global financial markets.
After the news was released, major cryptocurrency exchange rates plummeted. Bitcoin fell by 3.5%, dropping below $98,400. Ethereum dropped by 9%, falling below the $2,185 mark, while Ripple decreased by 6%, reaching $1.96. This reaction indicates that investors are concerned about the escalating conflict and are withdrawing from risk investments. The plunge in Bitcoin has also impacted other parts of the cryptocurrency world. Altcoins like Solana and Ripple have lost traction. The cryptocurrency market operates 24/7 and often reacts first to global events, especially during weekends when conventional markets are closed.
At the same time, the oil market is also showing a strong reaction. JPMorgan analysts currently predict that oil prices could soar to $120 or $130 per barrel. In this scenario, the U.S. inflation rate could rise to 5%, the highest level since March 2023. By then, the Federal Reserve has not yet stopped raising interest rates to deal with the rising prices. Therefore, a new round of oil price increases will complicate the situation for central banks around the world.
It was an intense military operation. According to Chairman of the Joint Chiefs of Staff General Dan Caine, seven B-2 bombers flew from the United States to Iran, taking 18 hours. They dropped 14 bunker busters on three nuclear facilities: Fordow, Natanz, and Isfahan. Subsequently, President Donald Trump confirmed the success of the airstrike. He stated on the "Truth Social X" program that all aircraft landed safely and added that it was now a time for peace. His remarks indicated that the airstrike was aimed at stopping Iran's nuclear activities, not starting a war.
Nevertheless, U.S. officials have issued strong warnings. Defense Secretary Peter Hegseth insisted that if Iran retaliates with missiles, the U.S. will protect its personnel. He also clarified that this action is not related to changing the Iranian government but rather to prevent nuclear threats. Vice President JD Vance, in an interview on NBC's "Meet the Press," insisted that the U.S. is not at war with Iran; the war is only against its nuclear program.
Despite the price decline, some capitalists remain optimistic about Bitcoin. It is very useful during turbulent times because its supply is limited and it is not controlled by the government. Others view Bitcoin as digital gold. They believe that even if the world economy is facing risks, Bitcoin can maintain its value. Therefore, although the price of Bitcoin has indeed decreased, the decline is not as severe as expected. This indicates that Bitcoin is becoming increasingly stable and more widely accepted.
Finally, the US-Iran war has shaken both traditional and digital markets. Oil prices may plummet and soar, inflation may make a comeback, and cryptocurrencies are also in trouble. Meanwhile, Bitcoin's performance as a safe-haven asset is becoming increasingly prominent, highlighting the profound changes occurring in the realm of financial assets.
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Iran approves the closure plan of the Strait of Hormuz; Bitcoin, Ripple, and Ethereum fall.
Gate News bot news, following the recent U.S. airstrikes on Iran's nuclear facilities, tensions in the Middle East have escalated rapidly. The Iranian parliament has therefore approved a plan to close the Strait of Hormuz. This strait is one of the most important oil routes in the world, carrying about 25% of global oil transport. However, the final decision still rests with Iran's Supreme National Security Council. Despite this, the news has already raised concerns in global financial markets.
After the news was released, major cryptocurrency exchange rates plummeted. Bitcoin fell by 3.5%, dropping below $98,400. Ethereum dropped by 9%, falling below the $2,185 mark, while Ripple decreased by 6%, reaching $1.96. This reaction indicates that investors are concerned about the escalating conflict and are withdrawing from risk investments. The plunge in Bitcoin has also impacted other parts of the cryptocurrency world. Altcoins like Solana and Ripple have lost traction. The cryptocurrency market operates 24/7 and often reacts first to global events, especially during weekends when conventional markets are closed.
At the same time, the oil market is also showing a strong reaction. JPMorgan analysts currently predict that oil prices could soar to $120 or $130 per barrel. In this scenario, the U.S. inflation rate could rise to 5%, the highest level since March 2023. By then, the Federal Reserve has not yet stopped raising interest rates to deal with the rising prices. Therefore, a new round of oil price increases will complicate the situation for central banks around the world.
It was an intense military operation. According to Chairman of the Joint Chiefs of Staff General Dan Caine, seven B-2 bombers flew from the United States to Iran, taking 18 hours. They dropped 14 bunker busters on three nuclear facilities: Fordow, Natanz, and Isfahan. Subsequently, President Donald Trump confirmed the success of the airstrike. He stated on the "Truth Social X" program that all aircraft landed safely and added that it was now a time for peace. His remarks indicated that the airstrike was aimed at stopping Iran's nuclear activities, not starting a war.
Nevertheless, U.S. officials have issued strong warnings. Defense Secretary Peter Hegseth insisted that if Iran retaliates with missiles, the U.S. will protect its personnel. He also clarified that this action is not related to changing the Iranian government but rather to prevent nuclear threats. Vice President JD Vance, in an interview on NBC's "Meet the Press," insisted that the U.S. is not at war with Iran; the war is only against its nuclear program.
Despite the price decline, some capitalists remain optimistic about Bitcoin. It is very useful during turbulent times because its supply is limited and it is not controlled by the government. Others view Bitcoin as digital gold. They believe that even if the world economy is facing risks, Bitcoin can maintain its value. Therefore, although the price of Bitcoin has indeed decreased, the decline is not as severe as expected. This indicates that Bitcoin is becoming increasingly stable and more widely accepted.
Finally, the US-Iran war has shaken both traditional and digital markets. Oil prices may plummet and soar, inflation may make a comeback, and cryptocurrencies are also in trouble. Meanwhile, Bitcoin's performance as a safe-haven asset is becoming increasingly prominent, highlighting the profound changes occurring in the realm of financial assets.