Watched Bitcoin get hammered Monday as geopolitical tensions actually hit price action. We bounced to $68K on Sunday's Iran news, but that didn't hold once traditional markets opened. BTC sitting around $74.28K now, down on the day as oil spiked hard. The real pressure is coming from energy prices jumping on Strait of Hormuz concerns—biggest oil rig operations in the region are basically offline, which has markets worried about inflation and Fed rate cut delays. Ether dropped 1.74% to $2.33K, Solana fell to $83.43, and XRP slipped to $1.36. Some traders arguing the downside might be capped though, since Iran's already cut off from global markets anyway. The bigger question is whether oil supplies stabilize or keep climbing. Until that settles, crypto's just trading as another risk asset in a suddenly riskier world. Funding rates on perpetuals still showing bearish positioning after weeks of shorts. This could get choppy.