Bitcoin Recovers Above $101K as Iran Threatens to Close Strait of Hormuz

• Bitcoin Recovers Above $101K After Recent Drop
• S&P 500 futures down 0,20% on US-Iran tensions
• Strait of Hormuz could impact oil and cryptocurrencies

Bitcoin managed to recover to a level above US$ 100 thousand this Monday, despite a slight drop of 1% in the last 24 hours, being quoted at around US$ 101.515. The movement of the largest cryptocurrency occurs amid a 0,20% drop in S&P 500 futures, reflecting the increase in geopolitical tensions involving the United States and Iran.

After President Donald Trump ordered strikes on three Iranian nuclear facilities, expectations of possible retaliation are growing. The Iranian parliament is already pressuring the government to close the Strait of Hormuz, one of the main global routes for transporting oil and natural gas. According to state media, the final decision on the blockade will be made by Iran's Supreme National Security Council.

In response, US Vice President JD Vance declared that such an action would be “suicidal” for the Iranian economy, highlighting that “its entire economy passes through the Strait of Hormuz”.

Despite the history of similar threats, analysts believe that the current situation is more delicate. General Mohsen Rezaei, an influential member of the Iranian Security Council, said hours before the attack that Iran would take measures to disrupt maritime traffic if the US decided to make a military advance.

Tensions were also heightened by statements made by Iranian Foreign Minister Abbas Araghchi, who said that “the US is not diplomatic and only understands the language of force and threats,” making it clear that Tehran is evaluating a range of response options, without directly confirming the closure of the strait.

The global financial market is closely monitoring the crisis, especially due to the strategic importance of the Strait of Hormuz, which moves around 20% of the oil and gas consumed in the world. Cryptocurrency investors are closely monitoring developments, as shocks in the energy market can have an impact on digital assets such as Bitcoin.

Why is this important for the cryptocurrency market?

The possibility of Iran closing the Strait of Hormuz poses a significant geopolitical risk with potential direct impacts on the cryptocurrency market. Around 20% of the world’s oil passes through this narrow strip of sea between the Persian Gulf and the Sea of ​​Oman, making the region strategic for global energy supplies.

Should Tehran decide to block the passage, the United States may be forced to respond militarily to ensure freedom of navigation and protect the global flow of oil. Such an escalation would have immediate consequences for financial markets, driving up oil prices sharply and fueling inflationary pressures in several economies.

Rising inflation tends to put pressure on central banks to maintain or even raise interest rates, which can further hurt risk assets, including cryptocurrencies like Bitcoin. Historically, in times of economic instability and military tensions, investors adopt a more conservative stance, shifting capital to assets considered safer.

Furthermore, the sudden appreciation of oil could directly affect the cost of global production and transportation, amplifying the negative effects on the global economy and reducing the liquidity available for investments in alternative markets such as cryptocurrencies.

Bitcoin, even though it is considered a store of value by the crypto community, tends to be volatile during crisis events, which reinforces the climate of uncertainty that hangs over the sector at the moment.