Bitcoin Falls Under $66K While Oil Prices Jump Almost 20%

Crypto markets began the week on a weaker footing as rising geopolitical tensions and a sharp spike in oil prices rattled global risk assets.

Over the weekend, there were no clear signs of easing tensions in the conflict between the U.S. and Iran. In response, oil prices surged during Sunday evening trading in the United States. April West Texas Intermediate (WTI) crude futures climbed 19.1% to $108.35 per barrel—roughly double where prices stood at the start of 2026 and the highest level seen in nearly four years.

The dramatic rise in oil prices has spilled over into broader financial markets. U.S. stock index futures dropped close to 2% across the board, pointing to a risk-off mood heading into the new trading week. In Asia, futures linked to Japan’s Nikkei 225 were down 3.1% just ahead of the market’s Monday opening.

Cryptocurrencies also slipped amid the broader market pressure. Bitcoin fell about 2%, trading just below the $66,000 mark. Meanwhile, Ether and Solana posted smaller declines of around 1.4%.

Outside the energy market, other commodities showed limited movement, with precious metals and copper trading modestly lower.