Output on the crypto market quickly dissipated when traditional markets opened on Monday. Bitcoin, which rose to 68 thousand on Sunday, retreated about 1% and returned to the 66.7 thousand mark. The entire altcoin sector followed it downward: Ethereum fell by 2.5%, Solana plummeted by 4.1%, and XRP lost 3.6%. Over the weekly distance, Solana is already down 8%, the most painful among the top cryptocurrencies.

The reason is clear: the conflict between the US and Iran, the closure of the Strait of Hormuz, oil surged by 6.4% to $77.5. This is the biggest jump in energy prices since 2022. Asian stocks fell by 1.4%, US futures by 0.7%. Gold rose to 5350 per ounce. When markets panic, cryptocurrency is not a refuge, but a risky asset that falls along with everything else.

The most interesting thing is that rising oil creates a dilemma for the Fed. Inflation fears delay the prospects of rate cuts, which means tighter liquidity conditions for risky assets like crypto. But some traders believe that panic may be exaggerated. The simple argument: Iran has long been cut off from global finance, OPEC and the US can compensate for oil losses if supplies are not completely interrupted. It all depends on whether the strait opens and how long the operations last.

While these questions hang in the air, crypto is traded as speculation in a world that has become even more unstable. The situation remains contradictory: one day they talk about negotiations, another day Iran’s security chiefs deny it. Trump announced the continuation of operations, but the media reports readiness for dialogue. The market awaits clarity.