Daily Market Update: Bitcoin Rebounds Above $74,000 as Stocks Rally and Oil Pulls Back

TLDR

• Bitcoin dropped 4% over the weekend then recovered to $73,400 on Monday
• U.S.-Iran peace deal talks collapsed, but markets bounced back anyway
• Oil hit $105 on Sunday before falling back under $100 per barrel
• Strategy bought 13,927 BTC for $1 billion using preferred stock, not common shares
• Crypto stocks like Circle and Gemini surged over 8–11% on Monday

Bitcoin fell sharply over the weekend after U.S. Vice President J.D. Vance left Pakistan without an Iran peace deal. President Trump then ordered a blockade of the Strait of Hormuz, sending risk assets lower.

By early Monday morning, bitcoin had dropped around 4% from late Saturday levels. That move pushed it well below the $73,000 mark.

But the selloff did not last. Bitcoin recovered throughout the Monday U.S. trading session, climbing back to $73,400 by the time U.S. stocks closed.

Other cryptocurrencies followed suit. Ether, Solana, and XRP all posted gains on the day, though each rose slightly less than bitcoin on a percentage basis.

Crypto-related stocks had a strong session. Circle rose 11%, Gemini gained 9%, and MARA Holdings and Bullish each climbed just over 8%.

Stock Markets Shrug Off Iran Tensions

U.S. equities also recovered. The Nasdaq closed up 1.2%, the S&P 500 gained just over 1%, and the Dow Jones Industrial Average rose 0.6%.

The rebound in stocks effectively wiped out losses tied to the escalation of the Iran conflict. Trump later claimed that Iran had reached out “to work out a deal,” which helped lift sentiment.

Stock futures remained steady Monday evening. S&P 500 futures edged up 0.1% and Nasdaq 100 futures gained 0.2%.

Oil told a different story at first. West Texas Intermediate crude jumped to over $105 per barrel on Sunday as the blockade news broke. Brent crude rose more than 4% at one point.

By Monday, however, WTI had pulled back to around $98–$99 per barrel. The retreat came alongside the broader market recovery.

Strategy Keeps Buying Bitcoin

Away from the geopolitical news, Strategy continued its bitcoin buying. The company purchased 13,927 BTC last week for $1 billion.

The purchase was funded entirely through its STRC preferred stock, which carries an 11.5% yield. No common stock was issued to raise the funds.

Trading volume in STRC on Monday hit a record $770 million. The stock continued to trade at par, which analysts say suggests Strategy may be preparing to issue more preferred shares.

That would likely mean another large bitcoin purchase is coming this week.

This pattern of weekend drops followed by Monday recoveries has repeated itself several times in 2026. The latest episode follows that same trend closely.

Looking ahead, major U.S. banks including JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Morgan Stanley are all set to report earnings this week.

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