Dogecoin started a fresh decline from the $0.1720 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.1580. DOGE price started a fresh decline below the $0.170 and $0.160 levels. The price is trading below the $0.160 level and the 100-hourly simple moving average. There was a break above a bearish trend line forming with resistance at $0.1510 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh decline if it stays below the $0.1580 zone. Dogecoin Price Faces Resistance Dogecoin price started a fresh decline after it failed to clear the $0.1720 zone, underperforming Bitcoin and Ethereum . DOGE declined below the $0.1600 and $0.1580 levels. The bears even pushed the price below the $0.1450 level. A low was formed at $0.1427 and the price is now attempting to recover. There was a minor move above the 23.6% Fib retracement level of the downward move from the $0.1718 swing high to the $0.1427 low. Besides, there was a break above a bearish trend line forming with resistance at $0.1510 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1580 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1550 level. The first major resistance for the bulls could be near the $0.1580 level. It is close to the 50% Fib retracement level of the downward move from the $0.1718 swing high to the $0.1427 low. The next major resistance is near the $0.1610 level. A close above the $0.1610 resistance might send the price toward the $0.1720 resistance. Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1580 level, it could start another decline. Initial support on the downside is near the $0.1480 level. The next major support is near the $0.1440 level. The main support sits at $0.1420. If there is a downside break below the $0.1420 support, the price could decline further. In the stated case, the price might decline toward the $0.1350 level or even $0.1280 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1440 and $0.1420. Major Resistance Levels – $0.1580 and $0.1610.
Singapore, Singapore, June 23rd, 2025, Chainwire Polemos , a Web3 gaming infrastructure platform, started the official Token Generation Event (TGE) for the $PLMS utility token. The TGE began at 5:00 AM UTC on June 23rd, 2025, marking a step in the platform's development to integrate blockchain technology within the gaming sector. Now available on MEXC and Uniswap, $PLMS gives the users entry into the Polemos GameFi ecosystem. The exclusive $PLMS IKO on Kommunitas has officially sold out, raising $250,000 ahead of the $PLMS listing. The $PLMS token is designed to serve as the utility and governance token for the Polemos ecosystem. It is intended to facilitate platform functionalities, including asset management, player incentives, and participation in ecosystem governance. The TGE follows prior development phases and strategic partnerships, contributing to the framework of Polemos’ Web3 gaming offerings. "The start of the $PLMS Token Generation Event represents a key stage in the development of the Polemos platform," states Carl Wilgenbus, CEO of Polemos. "This event is aimed at distributing the $PLMS token, which is integral to the functional aspects of our ecosystem. Our objective is to provide infrastructure that supports digital asset ownership and participation within emerging gaming environments." Polemos is also announcing a strategic partnership with Guinevere Capital, a prominent esports and gaming investment firm known for its investments and advisory roles in projects such as GiantX, iTero, Perion, Skybox, and various other projects across the industry. Guinevere Capital has established a strong reputation for its work across global Web2 gaming titles including League of Legends, Valorant, Rocket League, and many more. This partnership aims to leverage the combined expertise of Polemos.io and Guinevere Capital to enhance and further monetise audiences across publishers, infrastructure players, gaming companies, studios, and platforms. The collaboration will focus on integrating advanced asset management and engagement tools from Polemos.io’s Forge platform with Guinevere Capital’s extensive network and experience in both Web2 and esports ecosystems. This will create new monetisation opportunities and improve player experiences by bridging traditional gaming with blockchain-enabled innovations. Details of the $PLMS TGE: Official TGE Start: June 23rd, 2025, at 5:00 AM UTC. Exchanges: MEXC & Uniswap. The $PLMS token is designed to enable the features of the Polemos platform, which aims to support Web3 gaming experiences: The Armory: Decentralized Asset Management: This platform feature supports collateral-free and deposit-free digital asset rental. It allows asset owners to lend their in-game NFTs, with the intent of earning rewards, while providing other players with access to assets for gameplay without direct purchase. Polemos Scholarship Program: This program is structured to provide gamers with access to necessary in-game assets and support, intended to assist in their participation and earning potential within Web3 games. Unified Rewards System: The platform integrates a system designed to centralize rewards accumulated from various games and activities within the Polemos ecosystem, aiming to simplify reward tracking and management for users. Onboarding and Education Initiatives: Polemos provides tools and resources, including "Pharos" for blockchain news and "Polemos University" for educational content, with the goal of making Web3 gaming concepts accessible to a broader audience. https://www.youtube.com/watch?v=zSnDIl8tC8M This TGE represents a step in the operational phase of the Polemos ecosystem. Polemos intends for the $PLMS token to facilitate community engagement and economic activity within its platform. About Polemos Polemos is a Web3 gaming infrastructure platform focused on player onboarding, asset management, and engagement across blockchain games. Its objective is to bridge Web2 and Web3 gaming through technology and partnerships, aiming to provide a functional experience for players. The platform's activities include creating awareness of Web3 opportunities, simplifying access to blockchain technology, and developing tools intended to enhance gameplay and community interaction. About Guinevere Capital Founded in 2016, Guinevere Capital is a leading esports and gaming investment & advisory firm with a portfolio of projects spanning Oceania, the Middle East, and Europe. The firm is recognized for its strategic investments and operational expertise across major global Web2 gaming titles, driving growth and innovation across the sector. About Kommunitas Kommunitas is a decentralized, tier-less crowdfunding platform that has launched over 236 Web3 projects and raised $34.87 million, empowering startups and blockchain projects to grow through a fair, transparent, and community-driven approach. Its tier-less system allows anyone to participate in fundraising opportunities, and with a revenue-sharing model, Kommunitas offers long-term benefits for its community. ContactMarketing TeamPolemosmarketing@polemos.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Singapore, Singapore, June 23rd, 2025, Chainwire Polemos , a Web3 gaming infrastructure platform, started the official Token Generation Event (TGE) for the $PLMS utility token. The TGE began at 5:00 AM UTC on June 23rd, 2025, marking a step in the platform's development to integrate blockchain technology within the gaming sector. Now available on MEXC and Uniswap , $PLMS gives the users entry into the Polemos GameFi ecosystem. The exclusive $PLMS IKO on Kommunitas has officially sold out , raising $250,000 ahead of the $PLMS listing. The $PLMS token is designed to serve as the utility and governance token for the Polemos ecosystem. It is intended to facilitate platform functionalities, including asset management, player incentives, and participation in ecosystem governance. The TGE follows prior development phases and strategic partnerships, contributing to the framework of Polemos’ Web3 gaming offerings. "The start of the $PLMS Token Generation Event represents a key stage in the development of the Polemos platform," states Carl Wilgenbus, CEO of Polemos. "This event is aimed at distributing the $PLMS token, which is integral to the functional aspects of our ecosystem. Our objective is to provide infrastructure that supports digital asset ownership and participation within emerging gaming environments." Polemos is also announcing a strategic partnership with Guinevere Capital , a prominent esports and gaming investment firm known for its investments and advisory roles in projects such as GiantX, iTero, Perion, Skybox, and various other projects across the industry. Guinevere Capital has established a strong reputation for its work across global Web2 gaming titles including League of Legends, Valorant, Rocket League, and many more. This partnership aims to leverage the combined expertise of Polemos.io and Guinevere Capital to enhance and further monetise audiences across publishers, infrastructure players, gaming companies, studios, and platforms. The collaboration will focus on integrating advanced asset management and engagement tools from Polemos.io’s Forge platform with Guinevere Capital’s extensive network and experience in both Web2 and esports ecosystems. This will create new monetisation opportunities and improve player experiences by bridging traditional gaming with blockchain-enabled innovations. Details of the $PLMS TGE: Official TGE Start: June 23rd, 2025, at 5:00 AM UTC. Exchanges: MEXC & Uniswap. The $PLMS token is designed to enable the features of the Polemos platform, which aims to support Web3 gaming experiences: The Armory: Decentralized Asset Management: This platform feature supports collateral-free and deposit-free digital asset rental. It allows asset owners to lend their in-game NFTs, with the intent of earning rewards, while providing other players with access to assets for gameplay without direct purchase. Polemos Scholarship Program: This program is structured to provide gamers with access to necessary in-game assets and support, intended to assist in their participation and earning potential within Web3 games. Unified Rewards System: The platform integrates a system designed to centralize rewards accumulated from various games and activities within the Polemos ecosystem, aiming to simplify reward tracking and management for users. Onboarding and Education Initiatives: Polemos provides tools and resources, including "Pharos" for blockchain news and "Polemos University" for educational content, with the goal of making Web3 gaming concepts accessible to a broader audience. https://www.youtube.com/watch?v=zSnDIl8tC8M This TGE represents a step in the operational phase of the Polemos ecosystem. Polemos intends for the $PLMS token to facilitate community engagement and economic activity within its platform. About Polemos Polemos is a Web3 gaming infrastructure platform focused on player onboarding, asset management, and engagement across blockchain games. Its objective is to bridge Web2 and Web3 gaming through technology and partnerships, aiming to provide a functional experience for players. The platform's activities include creating awareness of Web3 opportunities, simplifying access to blockchain technology, and developing tools intended to enhance gameplay and community interaction. About Guinevere Capital Founded in 2016, Guinevere Capital is a leading esports and gaming investment & advisory firm with a portfolio of projects spanning Oceania, the Middle East, and Europe. The firm is recognized for its strategic investments and operational expertise across major global Web2 gaming titles, driving growth and innovation across the sector. About Kommunitas Kommunitas is a decentralized, tier-less crowdfunding platform that has launched over 236 Web3 projects and raised $34.87 million, empowering startups and blockchain projects to grow through a fair, transparent, and community-driven approach. Its tier-less system allows anyone to participate in fundraising opportunities, and with a revenue-sharing model, Kommunitas offers long-term benefits for its community. Contact Marketing Team Polemos marketing@polemos.io
The post Analysts Predict $3 for This New Crypto Coin Post Listing, Can It Rival Ripple’s (XRP) 2017 Success Story? appeared first on Coinpedia Fintech News The name Mutuum Finance (MUTM) is gathering buzz in the cryptocurrency market since pundits expect a projected value of up to three dollars after listing in 2025. This new cryptocurrency, now in phase 5 of its presale, has raised $10,900,000 and sold over 560 million tokens, attracting 12,300 holders. Mutuum Finance (MUTM) offers 100% returns on the price of launching at $0.06, making it a solid lending protocol in the decentralized finance field. And is it possible to achieve the same astronomical growth of Ripple (XRP) that happened in 2017, when the XRP increased its value 18x, to 3.84 dollars? XRP’s Historic Surge Ripple’s XRP electrified the crypto market in 2017. Starting at a modest $0.006 in January, it climbed steadily. By April, XRP reached $0.05, gaining traction among crypto enthusiasts. May saw it hit $0.25, fueled by a booming market. The real fireworks came in December, when XRP skyrocketed to $3.84 by January 2018. This translated to a staggering 63,900% return from its yearly low. Such growth showcased XRP’s ability to capitalize on market fervor. Consequently, Mutuum Finance (MUTM) aims to harness similar momentum with its innovative lending model, positioning it as a top crypto to buy now. Mutuum Finance (MUTM) Presale Momentum Mutuum Finance (MUTM) is igniting investor interest in phase 5 of its 11-phase presale. Priced at $0.03, the token has surged 200% from its phase 1 price of $0.01. With over 40% of phase 5 filled, the window to secure tokens at this level is closing fast. Phase 6 will bring a 16.7% price hike to $0.035, reducing potential gains. Investors buying now are guaranteed a 100% return at the $0.06 launch price. Moreover, analysts project a $3 post-launch value, suggesting a 9,900% return. This makes Mutuum Finance (MUTM) a standout crypto investment. Innovative Lending Platform Mutuum Finance (MUTM) is breaking the charts of decentralized finance with dual lending model. Its Peer-to-Contract system allows one to deposit their stablecoins into smart-contract pools and earn interest passively in dynamically changing rates. The Peer-to-Peer model is associated with direct lending, which makes it more transparent and allows users to control it. The app is based on Ethereum and has a Layer- 2 implementation, which guarantees cheap and speedy transactions. The team recently completed a Certik audit, scoring an impressive 80.00 for security with no vulnerabilities found. Furthermore, active monitoring and strong social media engagement bolster its reliability. This robust setup positions Mutuum Finance (MUTM) as a top crypto to invest in. Community Rewards and Incentives Mutuum Finance (MUTM) is fostering community engagement with exciting initiatives. A $100,000 giveaway is underway, splitting $10,000 in MUTM tokens among 10 winners. Participation requires a $50 presale investment and completing simple tasks like submitting a wallet address. Additionally, the team launched a dashboard showcasing the top 50 holders, who will receive bonus tokens for maintaining their rankings. These efforts strengthen investor trust and drive demand. As the crypto market evolves, Mutuum Finance (MUTM) stands out for its practical utility and community focus, making it a compelling crypto investment for 2025. Chasing Ripple’s Legacy Mutuum Finance (MUTM) is poised to challenge Ripple’s 2017 success story. While XRP leveraged market enthusiasm, Mutuum Finance (MUTM) combines affordability with cutting-edge DeFi solutions. Its $0.03 presale price offers a low entry point, unlike XRP’s post-rally highs. Analysts predict a $3 valuation post-launch, driven by its lending platform and stablecoin integration. With a guaranteed 100% return at launch and potential for exponential growth, Mutuum Finance (MUTM) is a top crypto to buy now. Don’t miss this opportunity—join the presale and explore its potential in the crypto market today. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
BitcoinWorld Polemos Launches $PLMS Token On MEXC and Uniswap, Advancing Web3 Gaming Infrastructure Singapore, Singapore, June 23rd, 2025, Chainwire Polemos , a Web3 gaming infrastructure platform, started the official Token Generation Event (TGE) for the $PLMS utility token. The TGE began at 5:00 AM UTC on June 23rd, 2025, marking a step in the platform’s development to integrate blockchain technology within the gaming sector. Now available on MEXC and Uniswap , $PLMS gives the users entry into the Polemos GameFi ecosystem. The exclusive $PLMS IKO on Kommunitas has officially sold out , raising $250,000 ahead of the $PLMS listing. The $PLMS token is designed to serve as the utility and governance token for the Polemos ecosystem. It is intended to facilitate platform functionalities, including asset management, player incentives, and participation in ecosystem governance. The TGE follows prior development phases and strategic partnerships, contributing to the framework of Polemos’ Web3 gaming offerings. “The start of the $PLMS Token Generation Event represents a key stage in the development of the Polemos platform,” states Carl Wilgenbus, CEO of Polemos. “This event is aimed at distributing the $PLMS token, which is integral to the functional aspects of our ecosystem. Our objective is to provide infrastructure that supports digital asset ownership and participation within emerging gaming environments.” Polemos is also announcing a strategic partnership with Guinevere Capital , a prominent esports and gaming investment firm known for its investments and advisory roles in projects such as GiantX, iTero, Perion, Skybox, and various other projects across the industry. Guinevere Capital has established a strong reputation for its work across global Web2 gaming titles including League of Legends, Valorant, Rocket League, and many more. This partnership aims to leverage the combined expertise of Polemos.io and Guinevere Capital to enhance and further monetise audiences across publishers, infrastructure players, gaming companies, studios, and platforms. The collaboration will focus on integrating advanced asset management and engagement tools from Polemos.io’s Forge platform with Guinevere Capital’s extensive network and experience in both Web2 and esports ecosystems. This will create new monetisation opportunities and improve player experiences by bridging traditional gaming with blockchain-enabled innovations. Details of the $PLMS TGE: Official TGE Start: June 23rd, 2025, at 5:00 AM UTC. Exchanges: MEXC & Uniswap. The $PLMS token is designed to enable the features of the Polemos platform, which aims to support Web3 gaming experiences: The Armory: Decentralized Asset Management: This platform feature supports collateral-free and deposit-free digital asset rental. It allows asset owners to lend their in-game NFTs, with the intent of earning rewards, while providing other players with access to assets for gameplay without direct purchase. Polemos Scholarship Program: This program is structured to provide gamers with access to necessary in-game assets and support, intended to assist in their participation and earning potential within Web3 games. Unified Rewards System: The platform integrates a system designed to centralize rewards accumulated from various games and activities within the Polemos ecosystem, aiming to simplify reward tracking and management for users. Onboarding and Education Initiatives: Polemos provides tools and resources, including “Pharos” for blockchain news and “Polemos University” for educational content, with the goal of making Web3 gaming concepts accessible to a broader audience. https://www.youtube.com/watch?v=zSnDIl8tC8M This TGE represents a step in the operational phase of the Polemos ecosystem. Polemos intends for the $PLMS token to facilitate community engagement and economic activity within its platform. About Polemos Polemos is a Web3 gaming infrastructure platform focused on player onboarding, asset management, and engagement across blockchain games. Its objective is to bridge Web2 and Web3 gaming through technology and partnerships, aiming to provide a functional experience for players. The platform’s activities include creating awareness of Web3 opportunities, simplifying access to blockchain technology, and developing tools intended to enhance gameplay and community interaction. About Guinevere Capital Founded in 2016, Guinevere Capital is a leading esports and gaming investment & advisory firm with a portfolio of projects spanning Oceania, the Middle East, and Europe. The firm is recognized for its strategic investments and operational expertise across major global Web2 gaming titles, driving growth and innovation across the sector. About Kommunitas Kommunitas is a decentralized, tier-less crowdfunding platform that has launched over 236 Web3 projects and raised $34.87 million, empowering startups and blockchain projects to grow through a fair, transparent, and community-driven approach. Its tier-less system allows anyone to participate in fundraising opportunities, and with a revenue-sharing model, Kommunitas offers long-term benefits for its community. Contact Marketing Team Polemos marketing@polemos.io This post Polemos Launches $PLMS Token On MEXC and Uniswap, Advancing Web3 Gaming Infrastructure first appeared on BitcoinWorld and is written by chainwire
According to the latest data from Coinglass, cryptocurrency spot exchanges have witnessed significant capital movements over the past 24 hours. Notably, LTC recorded a substantial net inflow of $4.74 million,
June 23rd, 2025 – Singapore, Singapore Polemos , a Web3 gaming infrastructure platform, started the official Token Generation Event (TGE) for the PLMS utility token. The TGE began at 5:00 AM UTC on June 23rd, 2025, marking a step in the platform’s development to integrate blockchain technology within the gaming sector. Now available on MEXC and Uniswap , PLMS gives the users entry into the Polemos GameFi ecosystem. The exclusive PLMS IKO on Kommunitas has officially sold out , raising $250,000 ahead of the PLMS listing. The PLMS token is designed to serve as the utility and governance token for the Polemos ecosystem. It is intended to facilitate platform functionalities, including asset management, player incentives, and participation in ecosystem governance. The TGE follows prior development phases and strategic partnerships, contributing to the framework of Polemos’ Web3 gaming offerings. “The start of the PLMS Token Generation Event represents a key stage in the development of the Polemos platform,” states Carl Wilgenbus, CEO of Polemos. “This event is aimed at distributing the PLMS token, which is integral to the functional aspects of our ecosystem. Our objective is to provide infrastructure that supports digital asset ownership and participation within emerging gaming environments.” Polemos is also announcing a strategic partnership with Guinevere Capital , a prominent esports and gaming investment firm known for its investments and advisory roles in projects such as GiantX, iTero, Perion, Skybox, and various other projects across the industry. Guinevere Capital has established a strong reputation for its work across global Web2 gaming titles including League of Legends, Valorant, Rocket League, and many more. This partnership aims to leverage the combined expertise of Polemos.io and Guinevere Capital to enhance and further monetise audiences across publishers, infrastructure players, gaming companies, studios, and platforms. The collaboration will focus on integrating advanced asset management and engagement tools from Polemos.io’s Forge platform with Guinevere Capital’s extensive network and experience in both Web2 and esports ecosystems. This will create new monetisation opportunities and improve player experiences by bridging traditional gaming with blockchain-enabled innovations. Details of the PLMS TGE: Official TGE Start: June 23rd, 2025, at 5:00 AM UTC. Exchanges: MEXC & Uniswap. The PLMS token is designed to enable the features of the Polemos platform, which aims to support Web3 gaming experiences: The Armory: Decentralized Asset Management: This platform feature supports collateral-free and deposit-free digital asset rental. It allows asset owners to lend their in-game NFTs, with the intent of earning rewards, while providing other players with access to assets for gameplay without direct purchase. Polemos Scholarship Program: This program is structured to provide gamers with access to necessary in-game assets and support, intended to assist in their participation and earning potential within Web3 games. Unified Rewards System: The platform integrates a system designed to centralize rewards accumulated from various games and activities within the Polemos ecosystem, aiming to simplify reward tracking and management for users. Onboarding and Education Initiatives: Polemos provides tools and resources, including “Pharos” for blockchain news and “Polemos University” for educational content, with the goal of making Web3 gaming concepts accessible to a broader audience. https://www.youtube.com/watch?v=zSnDIl8tC8M This TGE represents a step in the operational phase of the Polemos ecosystem. Polemos intends for the PLMS token to facilitate community engagement and economic activity within its platform. About Polemos Polemos is a Web3 gaming infrastructure platform focused on player onboarding, asset management, and engagement across blockchain games. Its objective is to bridge Web2 and Web3 gaming through technology and partnerships, aiming to provide a functional experience for players. The platform’s activities include creating awareness of Web3 opportunities, simplifying access to blockchain technology, and developing tools intended to enhance gameplay and community interaction. About Guinevere Capital Founded in 2016, Guinevere Capital is a leading esports and gaming investment & advisory firm with a portfolio of projects spanning Oceania, the Middle East, and Europe. The firm is recognized for its strategic investments and operational expertise across major global Web2 gaming titles, driving growth and innovation across the sector. About Kommunitas Kommunitas is a decentralized, tier-less crowdfunding platform that has launched over 236 Web3 projects and raised $34.87 million, empowering startups and blockchain projects to grow through a fair, transparent, and community-driven approach. Its tier-less system allows anyone to participate in fundraising opportunities, and with a revenue-sharing model, Kommunitas offers long-term benefits for its community. Contact Marketing Team Polemos marketing@polemos.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Polemos Launches PLMS Token On MEXC and Uniswap, Advancing Web3 Gaming Infrastructure appeared first on The Daily Hodl .
Heavy selling pressure amid fearful market conditions could have an effect on ADA.
SINGAPORE MAY CORE CPI RISES 0.6% Y/Y EST. +0.6% SINGAPORE MAY CONSUMER PRICES RISE 0.8% Y/Y EST. +0.8%
American poet Charles Bukowski famously said: "The crowd is always wrong," and his words seem to sum up the situation in the financial markets perfectly. Just 24 hours ago, social media was abuzz with fears that the U.S. airstrike on Iran's nuclear sites, combined with the talk of Iran mulling the closure of the Strait of Hormuz, will trigger a massive surge in oil prices, leading to a slide in stocks and cryptocurrencies. The reality, however, has turned out to be different. Oil prices on both sides of the Atlantic gapped higher by just 3% and have since erased most of the gains, according to data source TradingView. As of writing, a barrel of Brent oil changed hands at $77, up just 1.4% for the day. Prices gapped higher to hit a five-month high of $77.79. Similarly, the West Texas Intermediate crude (WTI) hit a high of $78.58 before falling back to $76.75. Meanwhile, bitcoin BTC, the leading cryptocurrency by market value, has risen back above $101,000, having hit lows under $98,000 on Sunday when fears of an oil price spike led to the short-term Deribit-listed BTC puts trading at an 8%-10% volatility premium to calls. Futures tied to the S&P 500 traded just 0.3% lower. The largely muted reaction in oil prices suggests that the market doesn't expect Iran to follow through on its threats and block the Strait of Hormuz, which could destabilize its key allies in Asia, particularly China. "Price action this morning suggests that the market doesn’t believe (at least not yet) that flows through Hormuz will be blocked. Brent is back below $80/bbl after briefly spiking above this level earlier in the trading session," analysts at ING said in a report to clients Monday. "With more than 80% of oil flows through Hormuz ending up in Asia, the impact on the region would be larger than that on the US. Therefore, Iran would want to be careful in upsetting the likes of China by disrupting oil flows," ING added. According to energy market expert Anas Alhajji, Iran's threat to close the Strait is largely a rhetorical tactic for domestic consumption, which it has employed at least 15 times since the 1980s. Alhajji explained the same in a post on X , revisiting the 2018 thread that detailed how blocking the strait is easier said than done. "For Iran to close the Strait, it means occupation and the taking over of Oman's waters where most ships go through. This will immediately invoke the defence pact of the GCC: it means war among all," the thread said, adding that a potential closure would hurt Iran's friends more than its enemies, which do not import oil from Iran and could circumvent the Strait through two underutilized pipelines. BTC holds key support All this means that the much-feared oil price spike may not materialize soon, which could help BTC and other risk assets avoid a sell-off. A big surge in oil would increase the risk of major economies slipping into stagflation, the worst outcome for most assets, including bitcoin. BTC's chart shows that bears failed to establish a foothold below the horizontal support at $100,430 on Sunday. Buyers stepped in around that level on June 5, taking prices higher to $110,000 in subsequent days. Oil's muted reaction suggests the potential for history to repeat itself. On the flip side, acceptance under the support would shift the focus to the confluence of the 100- and 200-day simple moving averages at around $95,900.