At the time of writing, the price of Bitcoin (BTC) 
$76,215 is trading at $101,863, with a potential downward trend prompted by the decision to close the Strait of Hormuz. By the time this article is published, BTC might have dropped further. Should Hamaney give his approval, it could mark another milestone on the path toward a potential third world war. What are the expectations for Fartcoin and HYPE in this scenario?
Signal from the Cryptocurrency Whale
These are unprecedented times with significant global implications. Moving decisively towards a possible third world conflict, Trump, while imposing tariffs that pressure the country’s economy, overnight attacked Iran’s facilities to spur inflation and trigger a recession. The parliament has now decided to close the Strait of Hormuz, and the BTC price continues its downward trajectory at the time of writing.
Amid this chaos, Michael Saylor has issued a new buying signal for Bitcoin. Sharing once again his classic post the day before the purchase announcement, the founder of Strategy is likely to announce tomorrow the extent of his company’s purchase.
Should One Consider Buying Fartcoin and HYPE?
If Hamaney approves the closure of the Strait of Hormuz and Iran initiates attacks on US bases in the region, observation might be limited to watching the charts. An even steeper decline could be expected in such a scenario. Just before this bad news, Sherpa shared his target purchase point for HYPE Coin, should its price drop.
“HYPE: I still believe this is a great coin and if it drops between $25-29, it might be a good opportunity to buy. Honestly, you could even buy some at current levels as the price is reasonable. Personally, I am still holding some and I will continue to hold. HyperLiquid.”
For Fartcoin, Sherpa considers $0.75 a potentially good buying opportunity. If sell-offs deepen, he might look to make purchases at lower support points, and this seems likely. As he shared this purchase level before the news about the Strait of Hormuz, investors might consider lower support points.
By the end of this writing, BTC had hit a daily low of $100,679, while ETH losses surpassed 10% after the Hormuz news, increasing by 5%.
