In this blog, we’ll cover everything that has happened in crypto over the past few days and how it could shape the market in the coming days.
The new week is starting on shaky ground. Over the weekend, tensions around Iran and the Strait of Hormuz picked up again, and any optimism from last week faded quickly.
Just a few days ago, markets were moving in the opposite direction — oil dropped, stocks pushed to new highs, and Bitcoin briefly climbed above $78,000. Now the tone has flipped. Oil is rising again, futures are in the red, and the ceasefire deadline is getting closer.
On top of that, crypto is dealing with its own problems. A major DeFi exploit involving KelpDAO, LayerZero, and Aave has shaken confidence, while a separate scandal around $RAVE has raised concerns about insider activity. At the same time, the US has a packed week ahead with key data like Retail Sales, housing numbers, inflation expectations, and a wave of S&P 500 earnings.
The Strait of Hormuz is back in focus.
Things turned negative quickly after Iranian media dismissed reports of fresh US-Iran talks, calling
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