The cryptocurrency market continues to digest the weekend’s “Iran shock.” After briefly climbing above $68,000 in the previous session, Bitcoin has corrected by around 1.1%. At the time of writing, BTC is trading near $66,200.
Conditions in the derivatives market remain tense. Over the past 24 hours, total liquidations reached approximately $345 million, with $232 million coming from long positions, indicating that bullish bets were dominant but failed to withstand the pullback.
According to data from on-chain analytics platform CoinGlass, Bitcoin is recording its fifth consecutive monthly decline. In the history of the cryptocurrency, a longer losing streak occurred only once—during the 2018–2019 bear market, when the downturn lasted six months.
In the altcoin segment, the reaction has been more pronounced. Ethereum, XRP, Solana, and Cardano have all posted price declines of around 3–4%.
Meanwhile, the main beneficiaries of the renewed tensions in the Middle East remain gold and oil. The precious metal gained roughly 2% after markets opened on Monday and is trading near $5,390, just 4% below its all-time high. Silver also edged higher, rising by about 1.5%.
Brent crude oil prices jumped by more than 8% to around $79.4 per barrel. Following Saturday’s escalation, Iran began attacking tankers in the strategically vital Strait of Hormuz, prompting many shipping companies to reroute vessels, according to media reports.
It remains unclear how long the conflict will last. US President Donald Trump has previously suggested the confrontation could continue for around four weeks. A key factor will be Iran’s willingness to resume negotiations over its nuclear program. As reported by The Wall Street Journal, following the death of Iran’s supreme leader Ali Khamenei, the country’s security chief has already signaled a potential openness to renewed talks.
