🛢️ Oil’s Rollercoaster Ride

Global markets are seeing sharp volatility as crude oil surges past $100, while the crypto market experiences mixed price movements.

📉 Bitcoin (BTC) briefly dropped 1.7% from $66,950 to $65,790, before rebounding and pushing above $68,000. The market now watches closely to see whether BTC will move toward $70K or face another pullback.

📈 Ethereum (ETH) has also recovered, climbing back above the $2,000 level after dipping to $1,930 over the weekend.

🛢️ Oil Market Spike • Oil on Hyperliquid jumped 23.2% from $95 to $117

• USOIL reached $136 amid concerns over potential supply disruptions at the Strait of Hormuz

However, prices are beginning to retrace following reports that major nations may release strategic oil reserves to stabilize supply.

💥 Market Liquidations:

Over $357M in leveraged positions were liquidated across crypto exchanges in the past 24 hours (CoinGlass).

@all

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