Global markets steadied into Tuesday after a violent oil-led shock, with equities rebounding, crude pulling back from Monday’s spike, gold still near record territory, and investors rotating cautiously back into risk assets, even as the Iran conflict keeps the overall scene tense.
Crypto
Total crypto market capitalization stands at $2.39 trillion, with the Fear & Greed Index at 26, the Altcoin Season Index at 36/100, and the overall market tone still cautious despite the broader relief.
Bitcoin trades at $70,869, up 3.53% on the day, while Ethereum is at $2,062.60 (+3.49%), BNB at $646.84 (+1.92%), and Solana at $87.05 (+2.46%).
Spot Bitcoin ETF flows remain choppy over the last few sessions, as the group saw $461.9 million of net inflows on March 4, then $227.9 million of outflows on March 5, $348.9 million of outflows on March 6, before rebounding with $167.1 million of net inflows on March 9.
IBIT was the key driver on the latest session with $109.3 million in inflows, after posting $143.5 million of outflows on March 6 and $88.7 million of outflows on March 5.
Commodities
Oil is moving past its initial panic highs but remains elevated. WTI trades at $87.24, up 2.55% over 24 hours, while Brent stands at $91.676, up 2.08%.
Even after Tuesday’s retreat from Monday’s surge above $100, crude is still holding well above pre-conflict levels as traders price the risk of supply disruption around the Strait of Hormuz, while Trump’s talk of a quicker end to the war and possible Russian supply relief has briefly eased the investors’ panic.
Gold is at $5,180.170, up 0.81%, still hovering near records on safe-haven demand, war risk, and uncertainty around Fed easing.
Stock Market Indices
U.S. equities are bouncing back, with the S&P 500 at 6,795.6 (+0.83%), the Dow Jones at 47,740.80 (+0.50%), and the Nasdaq at 22,695.95 (+1.38%). The move suggests a rotation back into growth and tech after Monday’s energy-driven shock. In Asia, Nikkei 225 futures are at 54,840, up 0.70%, while Europe’s FTSE is at 10,395.5, up 0.61%, both reflecting relief from the major oil-driven disruption.
Geopolitics & Market Movers
On the diplomatic front, markets are trading every headline about the Middle East war.
Trump’s claim that the conflict could be “over soon” helped trigger quick relief among investors, but Iran’s Revolutionary Guards quickly pushed back and said they would determine the end of the war while warning that no oil would leave the region if attacks continue.
A secondary flashpoint is Europe’s growing naval response, with France preparing additional warships and discussing a defensive Hormuz escort mission.
On the economic front, the shock in oil has revived stagflation concerns and pushed rate-cut expectations further out, with traders now looking for the first Fed cut only around July. Investors are also watching whether Washington eases sanctions on Russian oil or taps emergency reserves to contain the energy spike.
