Pre-market crypto stocks are glowing green after the ceasefire news
Bitcoin, equities, and gold rise while oil and volatility drop amid improving risk sentiment.
What to know:
- Bitcoin briefly topped $72,750 and tech stocks surged, with QQQ up over 3.3% as volatility declined across both crypto and traditional markets.
- Oil prices tumbled sharply, while the 10-year bond yield fell to 4.2%, signalling reduced macro stress following the US–Iran ceasefire.
- Crypto-linked equities are also advancing, with Strategy (MSTR), Galaxy Digital (GLXY), Coinbase (COIN) and Circle (CRCL) all showing healthy gains.
In contrast, oil markets sold off sharply. WTI crude dropped to $92 before rebounding to $96 per barrel, still down more than 12.5%, while Brent crude is lower by over 7.5% in the past 24 hours.
Volatility has compressed across both traditional and crypto markets. The VIX is down 20%, while the Bitcoin Volmex Implied Volatility Index (BVIV) has fallen more than 6% to 46, pointing to calmer conditions.
Crypto-linked equities are also advancing, with Strategy (MSTR), Galaxy Digital (GLXY), Coinbase (COIN) and Circle (CRCL) all showing healthy gains in pre-market trading. Similarly. AI and HPC data centre firms such as IREN (IREN) and Cipher Digital (CIFR) have gained 7% and 9%, respectively.
Bond markets have stabilised, with the U.S. 10-year Treasury yield falling 1.5% to 4.2%.
