Best Crypto to Buy Now as Iran Plans to Seal the Strait of Hormuz

Late Sunday, Bitcoin dipped below the $100,000 threshold after Iran’s parliament approved a plan to close the Strait of Hormuz , a chokepoint that handles nearly 30 percent of global seaborne oil. This escalation, following U.S. airstrikes on Iranian nuclear sites, has injected fresh volatility into financial markets and sent investors scrambling for safety. As energy prices spike and risk assets wobble, many are asking: what’s the best crypto to buy now amid this geopolitical storm? Iran’s Hormuz Threat Triggers Global Market Jitters, Bitcoin Tumbles Below $100K Bitcoin fell below $100,000 for the first time in 46 days on Sunday. The decline came after reports that Iran’s parliament voted to close the Strait of Hormuz. Iranian security authorities now have to give the seal of approval for the closure to take place. Do you hear that? … it’s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC will leave no doubt as to its safe haven status. pic.twitter.com/PTfZaAXFp7 — Arthur Hayes (@CryptoHayes) June 22, 2025 The potential shutdown comes as a direct response to recent U.S. airstrikes on Iranian nuclear sites. President Donald Trump called those strikes “very successful” and later suggested he might support changing Iran’s government. This escalation has sparked a fresh crisis in the Gulf, rattling global markets. Fears over energy supplies sent oil prices higher. When global energy security is threatened like this, investors often ditch volatile holdings. They typically rush towards safer assets like gold or the U.S. dollar instead. Crypto felt this shift hard. Bitcoin fell more than 3% in 24 hours, dipping under the key $100,000 mark. But the real pain hit the wider digital asset market. Altcoins led a steep selloff, dragging the total crypto market value down by $90 billion to $3.07 trillion. The overall market bled over 4%. Even the top-performing crypto Block’s GMCI30 index , tracking the 30 largest coins, fell nearly 10% over the past week. Smaller coins and AI-related tokens fared far worse, dropping 17% and 20% respectively in the same period. With oil benchmarks like WTI Crude at $76.42 and Brent at $78.53, traditional markets are tense as trading resumes. Bitcoin’s next moves likely depend on how these broader markets react to unfolding Middle East events. For now, caution rules. Money is flowing out of crypto almost as fast as it poured in during recent rallies. Iranian threats are not new. It has never completed the full closure of the strait, partly because it relies on Chinese oil revenue. But analysts warn that even temporary closures could immobilize shipping channels and trigger wider conflict. Closing Hormuz would be “suicidal,” U.S. Secretary of State Marco Rubio warned , inviting military reprisal from an American-led coalition. Bitcoin Price Analysis The BTC price has recovered from when it was dropped into the 5-digit zone. It is currently trading around the $101K mark with a market capitalization of approximately $2 trillion. Over these hourly bars from June 22 to 23, Bitcoin clearly bounced between two important levels. On the downside, 99,200 USDT acted as strong support: during the big sell-off, the price dipped into the 99,000 to 99,500 zone on high volume, but buyers stepped in around 99,200, triggering a swift 1,000-point rally in one candle and confirming that demand floor. On the upside, 101,500 USDT proved solid resistance: BTC tried and failed to close above that level three times, once before the drop and twice overnight, leaving long upper wicks and showing seller strength there. Between these lines, price action has been range-bound, with tight consolidation around 101,200 to 101,300 as traders wait for a clear breakout or breakdown. A break above 101,500 on heavy volume would likely target the next supply zone near 102,500 to 103,000, while a drop below 99,200 could open the door to further losses toward 98,000. According to one crypto analyst named Atlas on X platform, this current dump resembles the March 2020 drop during the Corona crisis. Back then, it triggered a full reset and a 1000x rally. Those who spotted it early walked away with millions. Current dump looks exactly like March 2020Back then it triggered a full reset and 1000x alt rallyThose who spotted it early walked away with millionsHere’s what’s happening and when altseason starts 👇🧵 pic.twitter.com/uuL9zkcaDf — Atlas (@crptAtlas) June 22, 2025 Best Crypto To Buy Now As geopolitical tensions threaten energy flows and rattle risk markets, digital assets are once again at the crossroads of fear and opportunity, making it a crucial moment to consider the best crypto to buy now. Bitcoin Hyper Bitcoin Hyper builds on BTC’s store-of-value narrative with improved scalability and faster confirmations, making it an ideal choice for traders looking for a fast hedge against oil-driven market shocks. Bitcoin Hyper ($HYPER) is launching as a powerful Layer 2 built for speed, finally addressing Bitcoin’s long-standing scalability issues. It’s not a sidechain or a shortcut, but a full execution layer. While Bitcoin remains the trusted base layer, $HYPER is where things move fast. It enables instant payments, meme coins, DeFi, and swaps without sacrificing security. The project taps into the Solana Virtual Machine (SVM), allowing smart contracts and apps to run with minimal delays. That’s a major boost for developers and users alike. Layer 2 technology lets $HYPER process transactions off the main Bitcoin chain. This keeps things quick without compromising Bitcoin’s security backbone. The token distribution plan supports long-term growth: 30% for development, 25% for the treasury, and 20% toward marketing. Rewards and exchange listings share the rest. Presale interest is building fast, as investors eye the speed advantage. With key features in place, $HYPER is gaining attention across crypto circles. The token will launch on top decentralized exchanges after presale ends. Backers are urged to act early to secure potential early-stage gains. Current dump looks exactly like March 2020Back then it triggered a full reset and 1000x alt rallyThose who spotted it early walked away with millionsHere’s what’s happening and when altseason starts 👇🧵 pic.twitter.com/uuL9zkcaDf — Atlas (@crptAtlas) June 22, 2025 As Bitcoin Hyper enters the scene, it could mark a turning point for Bitcoin-based innovation. The spotlight is now on speed, scale, and smarter infrastructure. BTC Bull BTC Bull uses algorithmic rebalancing to maximize gains during short squeezes, making it a strong choice for those betting on market rebounds amid uncertainty in traditional commodities. BTC Bull Token ($BTCBULL) will officially launch on June 30, 2025, ending its presale and opening public trading. Over $7.2 million has already been raised from early supporters. This meme coin takes a different path by rewarding holders with real Bitcoin. No staking or lockups, just direct BTC payouts tied to Bitcoin’s price milestones. When Bitcoin hits targets like $150K or $200K, $BTCBULL holders receive BTC. Other milestones trigger token burns to reduce supply and build long-term value. The project blends meme culture with a Bitcoin-centric model. It’s low-cost, straightforward, and designed to grow alongside Bitcoin’s climb. Several top exchanges are now reviewing the project for listings. A major listing push could bring added visibility and liquidity once the presale closes. Social media activity has surged, especially on X, where the team posts memes, market commentary, and rallying messages to keep the community active. Well-known crypto YouTuber 99Bitcoins believes Bitcoin is the future, and institutional interest could bring added value to BTC Bull investors. This consistent presence has helped $BTCBULL build momentum. Community posts often echo themes of accumulation, patience, and the payoff of holding during Bitcoin runs. As launch day approaches, $BTCBULL is shaping up to be one of the more creative Bitcoin-aligned projects this year, merging humor, function, and direct rewards. SUBBD Geopolitical shocks like Iran’s move to close the Strait of Hormuz have triggered sharp declines across the crypto market, underscoring the need for resilient, utility-driven tokens. SUBBD stands out by offering creators and fans real value through exclusive content access, AI tools, and community rewards. SUBBD is introducing a new model for content creators, using blockchain tools to cut fees and share value with both creators and fans. Unlike legacy platforms that take up to 70% in fees, SUBBD keeps its share around 20%, giving creators more control over their income. The platform also lets fans benefit directly. Holding $SUBBD tokens unlocks exclusive content, voting rights, and staking returns with a 20% APY. Creators can earn through subscriptions, tipping, NFTs, and other tools, all without the high costs that usually come with content platforms. SUBBD uses AI to help creators generate videos, voices, images, and even full profiles faster, keeping the creative process efficient and fresh. The goal isn’t just faster production, it’s real income potential with less friction, giving creators more room to grow. The project foregoes hype in favor of useful tools and transparent incentives, all designed to place fans and creators at the forefront of the platform. With a presale in progress, staking rewards implemented, and plans for expansion laid out, SUBBD is setting itself up for lasting influence within the creator economy. Conclusion Iran’s action to potentially close the Strait of Hormuz highlights how geopolitics can very quickly transform risk sentiment and flows. As oil and equities prepare for volatility, the digital-asset space is a rich hunting ground for diversification and tactical positioning. Whether investors lean toward protocol upgrades or momentum-driven tokens, this moment demands strategic selection over speculation. After all, in a world where pipelines and data lanes both face disruption, choosing the best crypto to buy now could be as critical as any traditional safe haven. Disclaimer: This is a sponsored article 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.

Source: Crypto Daily