It's destined to be another uncertain week, with significant market volatility potentially on the horizon.

Global financial markets turned cautious on Monday as tensions between the US and Iran escalated again.

The three major US stock indices ended a three-week winning streak, closing slightly lower: the Dow Jones Industrial Average fell 0.01% to 49,442.56 points; the S&P 500 and Nasdaq Composite both fell approximately 0.25%.

Investor sentiment cooled due to uncertainty surrounding the sustainability of the recently reached ceasefire agreement.

Meanwhile, crude oil prices surged more than 6.5%, approaching $90 per barrel.

Despite pressure on traditional risk assets, the cryptocurrency market demonstrated remarkable resilience. As of the end of April 2026, Bitcoin prices stabilized between $75,000 and $76,000, while Ethereum traded between $2,300 and $2,400. Bitcoin spot ETFs continued to attract stable net inflows, highlighting sustained confidence from institutional investors and the sector's evolution towards a more mature macro-hedging asset class.

From a macro perspective, further escalation of the situation could lead to rising energy costs, increased inflationary pressures, and heightened short-term volatility in risk assets.

However, the long-term expectation of global liquidity easing and the continued improvement in the US cryptocurrency regulatory environment (including the advancement of market structure legislation and the adoption of tokenized assets) continue to support the market.

In summary, geopolitical uncertainty may exacerbate short-term cryptocurrency volatility, but favorable macroeconomic policies, regulatory support, and sustained institutional inflows suggest structural opportunities.

Investors should closely monitor Bitcoin's market dominance, ETF fund flows, and geopolitical dynamics, and utilize the current downtrend to establish long-term positions.