Crypto markets opened the week on a softer note as soaring oil prices and persistent geopolitical tensions weighed on global risk sentiment.
Over the weekend, there were few signs that tensions between the United States and Iran were easing. The lack of progress toward de-escalation fueled a sharp rally in energy markets during Sunday evening trading in the U.S. April West Texas Intermediate (WTI) crude futures surged 19.1% to $108.35 per barrel—around double their level at the start of 2026 and the highest price in roughly four years.
The spike in oil prices quickly rippled through broader financial markets. U.S. stock index futures dropped nearly 2%, pointing to a weaker start for equities. In Asia, futures linked to Japan’s Nikkei 225 were down 3.1% shortly before the market opened for Monday trading.
Cryptocurrencies also edged lower amid the broader risk-off tone. Bitcoin fell about 2%, trading just under the $66,000 mark. Ether and Solana posted smaller declines of around 1.4%.
Meanwhile, other commodities showed more modest movement, with precious metals and copper trading slightly lower despite the sharp rally in oil.
