Major altcoins fell alongside Bitcoin. Ethereum, XRP, and Solana each declined approximately 3%.
Bitcoin News
Bitcoin fell to $76,600 on Monday after briefly approaching $80,000 overnight. The reversal came as concerns over stalled U.S.-Iran negotiations and rising oil prices pushed investors toward caution.
Brent crude climbed more than 3% to $107 a barrel during the session. West Texas Intermediate rose 2.6% to $97. Both moves reflected growing uncertainty around the Strait of Hormuz, a key global oil transit route.
A Wall Street Journal report said Iran had proposed halting attacks on ships in the strait in exchange for a complete end to the conflict. The proposal included lifting the U.S. naval blockade and delaying nuclear talks. The offer has not advanced, and President Trump canceled plans over the weekend to send envoys to Pakistan for talks with the Iranian side.
Crypto-linked equities also fell across the board. Coinbase dropped 1.5%, Circle declined 3.5%, and Galaxy Digital slid nearly 6%. The Nasdaq edged 0.3% lower in morning trading, while the S&P 500 was flat ahead of a major earnings week that includes Alphabet, Meta, Microsoft, and Apple.
Bitfinex analysts identified selling pressure from short-term Bitcoin holders as a key factor limiting the rally. Those holders, sitting in profit, have been offloading into strength. That selling has offset fresh demand from spot ETF buyers and Strategy, the analysts said.
"The path of least resistance in the near term is likely consolidation or a pullback toward the $75,000 region," the Bitfinex analysts said. A decisive break above $80,000 would be needed to confirm a more durable uptrend, they added.
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