Bitcoin has fallen below the $66,000 mark. This price drop comes as oil prices surged nearly 20% in Sunday evening U.S. trading, with April WTI crude oil futures reaching $108.35 per barrel. This surge is attributed to a lack of de-escalation in the U.S. conflict with Iran over the weekend.
The sharp rise in oil prices has led to a nearly 2% drop in U.S. stock index futures. Japan's Nikkei 225 futures also saw a significant decline of 3.1% ahead of Monday's trading session.
Cryptocurrencies are also feeling the impact, with Bitcoin down 2% and trading just below $66,000. Other major cryptocurrencies, including Ether (ETH) and Solana (SOL), are experiencing declines of around 1.4%. Meanwhile, precious metals and copper are trading modestly lower.