Prices are starting the week on a negative note, which has been a familiar scenario in the crypto industry over the past few months.
There were few signs of an escalation in the U.S. war with Iran over the weekend, but oil prices exploded in U.S. trading Sunday night. WTI crude oil futures for April are now up 19.1% to $108.35 per barrel. This is roughly double the price at the beginning of 2026, and the highest level in about four years.
The surge caused U.S. stock index futures to fall nearly 2% across the board. Japan’s Nikkei 225 futures are down 3.1% just before the stock market opens Monday.
Bitcoin is down 2%, trading just below $66,000. Ether (ETH) and Solana (SOL) are down nearly 1.4%.
If you check the prices of other commodities, you will see that both precious metals and copper are trading slightly lower.
