The weekend was busy in the markets. The tension between the U.S. and Israel with Iran shook up American stock futures, which opened lower. The Nasdaq 100 lost about 1.5% in the previous session, although the initial declines later moderated, suggesting that the initial panic was exaggerated.

What was interesting was how commodities reacted. WTI crude oil nearly touched $75 per barrel after the attacks on Saudi refineries, although it then fell back and is trading near $72. Gold was the brightest, rising more than 2% during the day and reaching $5,400 an ounce, approaching its all-time highs as investors rushed to safe-haven assets. Both commodities retreated after reaching those peaks.

In cryptocurrencies, Bitcoin remained relatively steady above $66,000, gaining approximately 1% in 24 hours. This is interesting because software stocks fell around 1%, so Bitcoin did not follow the same movement as its usual correlations. Among crypto stocks, Coinbase dropped 2%, while some AI miners retreated 3%. World Liberty Financial had a worse day, with its WLFI token plunging 12% after details about its lending strategy were revealed.

Volatility spiked. The VIX and the bond MOVE index rose more than 10%, reflecting the uncertainty sweeping the markets. The dollar also strengthened, reaching 98.2. In summary, a day of geopolitical tension that moved commodities and stocks, but where cryptocurrencies showed some independence.