Daily Market Update: S&P 500 Futures Fall, Oil Surges After U.S. Navy Seizes Iranian Ship

TLDR

• Bitcoin dropped just 1.6% to $74,335 despite fresh U.S.-Iran tensions, showing more resilience than oil or stocks
• Brent crude jumped 5.7% to $95.50 a barrel; WTI surged 6.9% to near $90
• S&P 500, Nasdaq, and Dow futures all fell between 0.6% and 0.7% Monday morning
• Ether fell 2.6%, Solana dropped 1.5%, while BNB stayed flat
• Trump threatened Iranian infrastructure on Truth Social after the U.S. Navy seized an Iranian vessel over the weekend

Bitcoin held up better than oil and stocks this Monday as tensions between the U.S. and Iran flared up over the weekend.

The U.S. Navy intercepted an Iranian ship called the TOUSKA, and President Trump posted on Truth Social that U.S. Marines now have custody of the vessel. He warned of attacks on Iranian power plants and bridges if talks fail.

Tehran responded by reimposing controls on the Strait of Hormuz, a key global oil shipping route. Iran had declared the strait “completely open” just Friday, which helped push the S&P 500 to a record close that same day.

By Sunday, that optimism was gone.

Bitcoin traded at $74,335 on Monday morning, down just 1.6% over 24 hours. It was still up 4.8% on the week. This is the fourth major Iran-related scare crypto has absorbed since the conflict began, and each time, the sell-off has been smaller.

Ether dropped 2.6% to $2,272. Solana fell 1.5% to $84. BNB stayed flat at $618. None of the top 10 cryptocurrencies fell more than 3%.

Oil and Stock Markets Take a Harder Hit

Oil markets reacted sharply. Brent crude surged 5.7% to $95.50 a barrel. WTI crude jumped about 6.9% to just under $90 a barrel. European natural gas futures rose as much as 11%.

Gold fell 0.8% to $4,790. The dollar edged higher as investors moved into traditional safe-haven assets.

U.S. stock futures dropped. Dow futures fell around 0.7%. S&P 500 and Nasdaq 100 futures each dropped about 0.6%. European equity futures pointed to a 1.2% drop at Monday’s open.

The weekend escalation reversed three weeks of easing war risk across markets. Stocks and emerging markets had rallied broadly on Friday when Iran said the strait was open.

Bitcoin’s Pattern With Iran Shocks

Each time Iran-related news has hit markets since the conflict began, Bitcoin’s price drop has been smaller than the last. Analysts say this may be because holders who planned to sell on geopolitical news have already done so.

The growing presence of spot Bitcoin ETFs may also be creating a more stable floor for prices.

Traders were watching whether the 10-year Treasury yield, sitting near 4.27%, and a stronger dollar would pull Bitcoin lower through broader risk channels.

Bitcoin was holding near $74,000 as the European session opened Monday morning.

Looking ahead, investors also face a packed earnings week, with Tesla, Intel, and United Airlines all set to report results.

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