PiCK
[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’
Summary
- Bitcoin (BTC) was reported to have fallen 2.69% from the previous day, briefly giving back the $69,000 level.
- Based on domestic exchanges, Bitcoin was priced at ₩103,440,000, and the Kimchi premium was -0.13%.
- It was reported that markets moved lower after President Trump’s warning of possible military action over the Strait of Hormuz amid rising Middle East tensions.
Forecast Trend Report by Period
Bitcoin (BTC) briefly gave back the $69,000 level.
As of 9:12 a.m. on the 22nd, BTC was trading at $68,549, down 2.69% from the previous day on Binance’s USDT market (₩103,440,000 on Upbit).
Meanwhile, according to CryptoPrice, the “Kimchi premium” for major virtual assets (cryptocurrencies) including Bitcoin (BTC) stood at -0.13%.
With tensions in the Middle East escalating, the market turned lower after U.S. President Donald Trump warned of possible military action, demanding that Iran open the Strait of Hormuz.
In a post on Truth Social, Trump said, “If Iran does not fully open the Strait of Hormuz without threats within 48 hours from now, the United States will strike and destroy Iran’s various power plants.” He added, “We will begin with the largest power plants.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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