Internet reports, or due to market concerns that Iran may block the Strait of Hormuz, Bitcoin fell below US$100,000 on Sunday, the lowest level since May this year. XRP fell to its lowest level since early April, and ETH fell to At the level of early May, SOL prices also fell sharply. The Strait of Hormuz is an important channel for global oil trade, carrying about 20% of the world's oil supply, which has led to rising risk aversion on Wall Street. JPMorgan Chase predicts that oil prices could surge to US$120 -130 a barrel under these circumstances, which could push U.S. inflation to 5%, the highest level since March 2023.