Observers fear that a potential U.S. military strike on Iranian targets could lead Tehran to blockade the Strait of Hormuz, a critical chokepoint for global trade. Beyond the logistical chaos, such a conflict would likely trigger a spike in oil prices, reigniting inflationary pressures and complicating the outlook for interest rate cuts.
With the hard cap set at 21 million, this milestone underscores the increasing scarcity of the asset as it moves into its final phases of issuance.
FAQ Why did bitcoin drop below $66K this week? Volatility was driven by technical resistance slipping to $67K and ETF outflows accelerating. How is bitcoin’s network health despite price swings? The hash rate hit a record 1 ZH/s, signaling stronger security even as prices fell. What global risks are weighing on BTC right now? Geopolitical tensions in the Middle East and inflation fears are pressuring risk assets. Why is the 20M coin milestone important? It highlights Bitcoin’s scarcity, with fewer than 1M coins left before the 21M cap.
