The new week started with a strong rise in cryptocurrencies. Behind this move are US President Donald Trump’s new statements regarding the tensions with Iran. Trump stated on the social media platform Truth Social that positive and productive talks have been held between the USA and Iran regarding the complete and definitive resolution of the ongoing hostilities in the Middle East. He also announced that planned attacks against Iran’s infrastructure were postponed by five days.
Price Movements in Markets
Following Trump’s statements, there was a rapid recovery in the cryptocurrency markets. Bitcoin jumped over $71,000 in the morning, jumping nearly 5 percent. Bitcoin, which recently fell below the $ 68,000 level, compensated for its losses due to the news and gained upward momentum again. Leading altcoins such as Ethereum, Solana and Chainlink have also seen an increase of approximately 5 percent in the last 24 hours.
Mobility in traditional asset markets also attracted attention. Gold recovered almost all of its losses during the day, recovering to $4,440 per ounce. The DXY index, which shows the performance of the US dollar against other currencies, decreased to 99.3. In global bond markets, the US 10-year government bond yield fell to 4.3 percent, a decrease of 100 basis points.
Impact of Oil and Crypto Derivatives
The opposite picture emerged in energy markets. While West Texas crude oil fell by 11 percent today, falling below $88 per barrel, Brent oil decreased by 8 percent and found buyers at around $100. There were significant liquidations, especially in tokenized oil contracts. A position worth $62.4 million was closed in one day in Brent oil futures contracts traded on the Hyperliquid platform. According to CoinGlass data, a total of $62.41 million was liquidated in the XYZ:BRENTOIL contract within 24 hours. Of this, $61.69 million belonged to long positions, and only $717 thousand belonged to short positions.
A positive atmosphere also prevailed in the shares of companies related to cryptocurrencies. While Galaxy Digital shares gained 2 percent in value during the day, a similar increase of nearly 2 percent was recorded in the shares of Coinbase and IREN companies. On the other hand, the shares of Strategy company, managed by Michael Saylor, which has the largest Bitcoin reserve in the corporate field, rose by more than 3 percent before the market opened.
On the other hand, it is stated that the five-day postponement announced by Trump does not mean that the war is completely over. It is stated that Iran continues its attacks against various targets in the Gulf region.
“Very productive negotiations have been held between the USA and Iran for a complete and definitive solution.”
These rapid changes in the markets underline the sudden reactions to geopolitical developments. It shows that prices in many investment instruments, from cryptocurrencies to traditional assets, are susceptible to short-term fluctuations.
