{"id":33074,"date":"2025-06-22T15:01:58","date_gmt":"2025-06-22T15:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33074"},"modified":"2025-06-22T15:01:58","modified_gmt":"2025-06-22T15:01:58","slug":"bitcoin-price-crashes-below-100k-as-iran-votes-to-close-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33074","title":{"rendered":"Bitcoin Price Crashes Below $100K as Iran Votes to Close Strait of Hormuz"},"content":{"rendered":"<div>\n<p>Bitcoin\u2019s price has crashed below $100,000 for the first time since May 25th, charting a decline of around 4% in the past 24 hours alone. The cryptocurrency is down 5.5% throughout the last seven days.<\/p>\n<figure id=\"attachment_401476\" aria-describedby=\"caption-attachment-401476\" style=\"width: 3250px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-401476\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47.png\" alt=\"BTCUSD_2025-06-22_17-42-47\" width=\"3250\" height=\"1588\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47.png 3250w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-300x147.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-1024x500.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-768x375.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-1536x751.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-2048x1001.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTCUSD_2025-06-22_17-42-47-50x24.png 50w\" sizes=\"auto, (max-width: 3250px) 100vw, 3250px\"><\/a><figcaption id=\"caption-attachment-401476\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The market downturn has also caused a broader selloff amongst altcoins, most of which are deep in the red, resulting in almost $1 billion worth of liquidated positions, according to CoinGlass.<\/p>\n<p>As\u00a0<em>CryptoPotato\u00a0<\/em>reported earlier today, the US joined the war between Israel and Iran, <a href=\"https:\/\/cryptopotato.com\/bitcoin-volatility-liquidates-700m-the-us-strikes-iran-as-conflict-escalates-weekend-watch\/\" data-wpel-link=\"internal\">striking<\/a> three strategic nuclear Irany sites.<\/p>\n<p>In response, some media reports indicate that the Iranian Parliament has <a href=\"https:\/\/www.newsweek.com\/iran-parliament-vote-close-straits-hormuz-us-attacks-2088968\" data-wpel-link=\"external\" target=\"_blank\">voted<\/a> in support of closing the Strait of Hormuz \u2013 one of the world\u2019s most criticial oil transit chokepoints.<\/p>\n<p>This resulted in immediate increase in oil prices, which are up almost 1% on the day, sparking international fears of inflation and economic turmoil. Traders are seemingly derisking and it\u2019s interesting to see how deep this correction will extend.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-crashes-below-100k-as-iran-votes-to-close-strait-of-hormuz\/\" rel=\"nofollow\">Bitcoin Price Crashes Below $100K as Iran Votes to Close Strait of Hormuz<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has crashed below $100,000 for the first time since May 25th, charting a decline of around 4% in the past 24 hours alone. The cryptocurrency is down 5.5% throughout the last seven days. Source: TradingView The market downturn has also caused a broader selloff amongst altcoins, most of which are deep in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33074","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33074"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33074\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}