Bitcoin fell back to $66,700 as traditional markets opened to their first chance to price the weekends military escalation, with oil surging to $77 and Asian equities dropping 1.4%.
The U.S.-Iran conflict continues to weigh on risk assets as traders assess the geopolitical fallout.
Key Market Movers
- Bitcoin: Trading around $66,700, down from weekend highs near $68,000
- Ether: Recovered along with SOL and XRP, surging up to 10%
- Hyperliquid (HYPE): Jumps 5% as war brings windfall revenue
- JUP: Gains on supply freeze news
- SpaceX Bitcoin: $780M stack now worth ~$545M ahead of IPO filing
Institutional Flow
Over $9 billion has fled bitcoin and ether ETFs in four months, indicating collapsed institutional appetite for digital assets.
Meanwhile, Polymarket sees record trading volumes with over $529 million in U.S.-Iran war bets, as suspected insiders made over $1.2 million ahead of the strikes.