이 기사 공유하기
Bitcoin Price Slips Below $100K, Hinting Oil-Led Risk-Off on Wall Street
Bitcoin fell below $100,000 on Sunday, its lowest point since May 8. XRP, ETH and SOL followed suit.
What to know:
- Bitcoin fell below $100,000 on Sunday, its lowest point since May, amid concerns over Iran potentially blocking the Strait of Hormuz.
- The Strait of Hormuz is a critical passage for global oil trade, handling about 20% of the world's oil supply.
- XRP slipped to its lowest since early April, with ether dropping to the levels seen in early May.
Bitcoin fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz.
The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% of the global oil trade.
STORY CONTINUES BELOW
Reports of Iranian politicians mulling the closure of the Strait had observers worried about a significant spike in oil prices early Monday.
"After US strikes on Iran last night, 50+ large oil tankers were scrambling to leave the Strait of Hormuz. Markets have been closed, but an immediate drop in supply is expected to send prices higher. JP Morgan described this as their worst-case scenario in the Israel-Iran war," The Kobeissi Letter said on X.
According to JPMorgan, oil could surge to $120-$130 per barrel in that scenario. That could potentially lift the U.S. inflation rate to 5%, the highest since March 2023. At the time, the Federal Reserve was raising interest rates.
The losses in BTC weighed heavily over the broader crypto market, as usual, dragging major altcoins such as XRP, SOL, and ETH lower. The payments-focused XRP slipped 6% to $1.935, the lowest since April 10. Ethereum's ether token slipped to levels seen in early May, according to CoinDesk data.
Higit pang Para sa Iyo
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Больше для вас
Bitcoin eyes longest daily winning streak in 3 months
Bitcoin rose over 1% during Monday's Asian trading session, marking a potential five-day winning streak.
Что нужно знать:
- Bitcoin rose over 1% during Monday's Asian trading session, marking a potential five-day winning streak.
- The broader crypto market, including major cryptocurrencies like XRP, solana, and ether, also saw gains of up to 1%.
- Tax-loss selling has subsided, one analyst said explaining the upswing, while others attributed the uptick to haven demand.
Top Stories
