Daily Market Update: What the Iran-Israel Airstrikes Mean for Bitcoin and Stock Prices Today

TLDR

• Bitcoin fell to ~$62,900 after Iran and Israel exchanged airstrikes, ending a fragile ceasefire
• South Korea’s KOSPI dropped 6.8%, Japan’s Nikkei fell 3%, triggering temporary trading halts
• Oil prices jumped over 3% to $93.50, pushing Treasury yields higher and pressuring risk assets
• The Nasdaq fell 4.2% on Friday, its worst day since April 2025, led by chip and AI stock losses
• Bitcoin is down roughly 14% over the past week, briefly touching below $60,000

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Iran and Israel exchanged airstrikes over the weekend, ending a ceasefire that had briefly calmed energy markets. The renewed conflict sent shockwaves through global financial markets on Monday.

Bitcoin fell to around $62,900 by 4:00 UTC on Monday. That is down from a Sunday high of $63,776, according to CoinDesk data.

WTI crude oil futures jumped more than 3% to $93.50 following the strikes. Rising oil prices add pressure to inflation expectations and push Treasury yields higher.

Higher Treasury yields typically boost demand for the dollar. That tends to weigh on riskier assets like cryptocurrencies.

U.S. President Donald Trump called for restraint after the strikes. He told Axios he had contacted Israeli Prime Minister Benjamin Netanyahu and asked him not to retaliate further.

BREAKING: President Trump says Israeli Prime Minister Netanyahu will have “no choice” but to accept a US deal with Iran, because he “calls the shots,” per FT.

Details include:

1. “I call the shots. I call all the shots. He [Netanyahu] doesn’t call the shots,” Trump said

2.…

— The Kobeissi Letter (@KobeissiLetter) June 7, 2026

Despite Trump’s appeal, Israel struck military targets in Iran on Sunday evening. The strikes came in response to Iranian missile attacks earlier that day.

Asian Markets Take a Hit

Asian equity markets dropped sharply on Monday. South Korea’s KOSPI fell 6.8%, triggering a temporary trading halt. Japan’s Nikkei dropped more than 3%.

The sell-off reflected broader risk-off sentiment across global markets. Investors moved away from equities and other higher-risk assets.

Wall Street Already Under Pressure

U.S. stock futures were mixed early Monday. S&P 500 futures were flat at 7,397.25 points, while Dow Jones futures fell 0.4%. Nasdaq 100 futures edged up 0.2%.

This followed steep losses on Wall Street on Friday. The Nasdaq Composite fell 4.2% to 25,709.43 points, its worst single-day drop since April 2025.

The S&P 500 dropped 2.6% to 7,383.74 points. The Dow Jones Industrial Average fell 1.4% to 50,866.78 points.

Chip stocks led the losses. Nvidia fell over 6% on Friday as investors locked in profits from a recent AI-driven rally.

Friday’s sell-off was also driven by a stronger-than-expected U.S. jobs report. Strong payrolls data raised concerns that the Federal Reserve may keep interest rates higher for longer.

Bitcoin Faces Multiple Headwinds

Bitcoin had already been under pressure before the weekend escalation. Prices fell nearly 14% last week, briefly dipping below $60,000.

Contributing factors included outflows from spot Bitcoin ETFs, capital rotating into AI stocks, and Strategy’s recent sale of Bitcoin holdings.

Volatility is expected to remain high this week. Upcoming U.S. inflation data and major IPOs, including SpaceX and Anthropic, could further affect market liquidity.

The weekend’s geopolitical developments have undermined progress on a potential U.S.-Iran peace deal. Tehran has said a Lebanon ceasefire must come before any broader agreement.