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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/01/2026

Oil Price Surge to Four-Year High Pressures Crypto Markets

Bitcoin slid toward $75,000 while Ethereum dropped 3.

Oil Price Surge to Four-Year High Pressures Crypto Markets

What happened: Bitcoin slid toward $75,000 while Ethereum dropped 3.4% as Brent crude surged 7.1% to $126 per barrel. The commodity spike followed reports that President Trump is being briefed on military options regarding Iran, triggering risk-off sentiment across crypto markets.

Why it matters: The correlation between traditional energy markets and crypto continues to strengthen, particularly during geopolitical crises. This sell-off demonstrates crypto's ongoing sensitivity to macroeconomic factors, challenging narratives about digital assets serving as safe havens during traditional market stress.

Source: CoinDesk