The global crypto asset market experienced significant selling pressure on Monday (13/7/2026), along with rising geopolitical tensions between the United States and Iran. The latest US military action triggered a surge in global crude oil prices, which directly raised new concerns about a potential spike in global inflation.
Bitcoin, as the digital asset with the largest market capitalization, recorded a decline of up to 3.8% to the level of US$61,761. This negative movement also dragged down Ether, which weakened by around 3.9%. This drop in Bitcoin's price puts the asset below its 200-week moving average, a technical indicator that market participants traditionally watch closely as a sign of a deeper bearish trend phase.
Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that while this technical level is often considered an opportunity for long-term investors to accumulate gradually, the current macroeconomic situation remains highly dynamic. Kuptsikevich warned that volatility triggered by energy conflicts could change the market narrative instantly, meaning a quick price recovery cannot be guaranteed yet.
Current market conditions reflect investor caution in responding to the threat of inflation. A sustained rise in energy prices is predicted to force central banks to keep interest rates high, which in turn encourages market participants to shift portfolios from high-risk assets to safer instruments.
