BCGAME - Free 5BTC Daily Bonus!- Iran-US conflict impacts oil prices and cryptocurrencies
- Brent and WTI drop eases tension on stock markets and Bitcoin
- S&P 500 and Bitcoin react to energy market volatility
Global markets remain closely monitoring developments in the conflict between Iran and the United States in the Middle East. Even after Iranian missiles were launched against US bases in Qatar and Iraq, investors remained calm in the stock markets and cryptocurrencies.
According to analysts at Morgan Stanley, the main variable that could trigger greater market volatility is the direction of oil prices. “Oil prices will determine whether volatility persists,” Mike Wilson, the firm’s chief investment officer, wrote in a note to clients.
During the early hours of Monday, oil prices recorded strong gains, but lost strength in the following hours. Brent, the international benchmark, fell by around 6%, trading below US$ 72,50 per barrel. West Texas Intermediate (WTI) futures contracts also fell by approximately 6%, with the barrel quoted at around US$ 70.
With the fall in oil prices, US stock markets reacted positively. The S&P 500 rose 0,7%, the Nasdaq rose 0,8% and the Dow Jones rose 0,7%, adding almost 300 points on the day.
In the cryptocurrency market, Bitcoin recovered, trading at around US$ 103 thousand, reflecting part of the improved appetite for risk assets. Experts point out that, despite geopolitical tensions, the performance of digital assets remains sensitive to the movements of commodities and stock indices.
Expectations now revolve around how the oil market will behave in the coming sessions. If prices rise aggressively again, there is a risk of greater instability in both stock indices and major cryptocurrencies.
Cryptocurrency market today
The largest cryptocurrency on the market, Bitcoin (BTC), has regained strength in the last 24 hours, registering a 3,31% increase and trading above US$ 103 thousand. The recovery movement occurs at a time of greater appetite for risk on the part of investors, reflecting the positive sentiment that has been taking over the crypto sector.
Ethereum (ETH), the second largest cryptocurrency by market value, is also following the upward movement, with an increase of 5,38%, trading at US$ 2.304. The appreciation reinforces the recovery of momentum among the main digital assets.
In addition to Bitcoin and Ethereum, other large-cap cryptos such as XRP, BNB, and Solana also performed positively on the day, with gains ranging from 3% to 6%. The recovery of altcoins indicates a generalized movement of optimism, leaving behind the selling pressure seen in recent weeks.
