Author of the news: Crypto Emergency
Cryptocurrency prices rose on Monday after U.S. President Donald Trump announced a five-day delay in strikes on Iranian power plants. This temporarily eased concerns about escalating conflict in the Middle East.
However, the situation was complicated by a report from the Iranian Fars news agency, which, citing a source, denied the existence of negotiations mentioned by Trump. Conflicting data heightened uncertainty in the markets.
In a post on Truth Social, Trump noted that the parties held 'very good and productive negotiations on a full and final settlement of disputes in the Middle East.' However, the five-day pause does not signify de-escalation: Iran continues to strike targets in the Persian Gulf region, and Israel's participation is necessary for agreements.
The cryptocurrency market's growth began to weaken after Al Jazeera reported that Fars denied conducting negotiations.
Bitcoin, which dropped below $68,000 overnight, rose above $71,000 at the start of the American session, then corrected to $70,000. Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Chainlink (LINK) gained up to 5% over the day but later partially retraced.
Gold has recovered almost all previous losses, down only 1% for the day and rising to $4,440 per ounce. The US dollar index (DXY) fell to 99.3.
Bond yields have fallen globally: the yield on 10-year US Treasury bonds dropped by 100 basis points — to 4.3%.
WTI oil fell by 11%, dropping below $88 per barrel, Brent by 8%, to about $100. On the Hyperliquid platform, the volume of liquidations of tokenized futures on Brent reached $62.4 million. According to CoinGlass, $62.41 million in positions were liquidated on the contract XYZ:BRENTOIL in a day, of which $61.69 million were long.
Shares of Galaxy Digital (GLXY) rose by 2% in pre-market, Coinbase (COIN) and IREN (IREN) also gained about 2%. The largest corporate holder of Bitcoin — MicroStrategy (MSTR) — increased by more than 3%.
Despite the increase in risk appetite and falling oil prices, Bitcoin options continue to show protective sentiment. According to Amberdata, put options on Deribit are trading at a premium of 8–10 volatility points to calls expiring in June — with no significant changes over the day. A similar situation is observed in Ether options.
This indicates a continued caution among traders: market participants perceive the rise in cryptocurrencies with a degree of skepticism and consider the potential consequences of the recent spike in oil prices for the global economy.
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