In what has become a familiar scenario in crypto over the past few months, prices are starting the week off on the wrong foot.
After few signs over the weekend of a possible de-escalation in the US war against Iran, oil prices have exploded higher in trade in the US on Sunday evening. April WTI crude oil futures are currently up 19.1% at $108.35 a barrel. That’s roughly double the price at the start of 2026 and the highest level in about four years.
That rise, in turn, has sent U.S. stock index futures down nearly 2% across the board. Futures for Japan’s Nikkei 225 are lower by 3.1% shortly before the stock market opens for trading on Monday.
Bitcoin is lower by 2% and is trading just below $66,000. Ether (ETH) and solana (SOL) are down closer to 1.4%.
A check of other commodity prices finds that precious metals and copper are trading modestly lower.
