Cryptocurrency prices are dropping in Asia this Monday morning following the collapse of talks between Iran and the United States.
As a researcher, I’m closely watching how the oil and stock markets respond to the events of this past weekend. That’s what everyone seems to be focused on right now, according to the Kobeissi Letter.
According to a late Sunday report in the Wall Street Journal, President Trump is considering both limited military action and continuing the US naval blockade of the Strait of Hormuz in relation to Iran.
He stated on Truth Social that Iran had pledged to keep the Strait of Hormuz open, but didn’t follow through. This failure caused worry and hardship for people and nations globally.
Economic Events April 13 to 17
As an analyst, I’ve observed that Trump escalated tensions by threatening to restart airstrikes just days after the ceasefire was implemented. It signaled a willingness to quickly abandon the agreement and return to military action.
They are demanding funds and, crucially, nuclear technology. Furthermore, we are prepared to use military force at the right time, and our forces will swiftly complete the task against Iran.
Oil prices rose sharply on Sunday, climbing 7% to around $104 a barrel. At the same time, stock and cryptocurrency markets experienced significant drops. Investors are now focused on the March Producer Price Index (PPI) data, which will be released on Tuesday. The increase in oil prices is adding to concerns about inflation, especially after recent reports showed a large jump in the Consumer Price Index (CPI) due to rising energy costs.
On Thursday, we’ll get new information about manufacturing in the Philadelphia region and the number of people filing for unemployment benefits. Throughout the week, ten Federal Reserve officials are speaking, and their comments could give us clues about future interest rate decisions. With inflation remaining high, the Federal Reserve is likely to raise interest rates again soon, which is generally seen as negative for cryptocurrency investments.
Key Events This Week:
1. Markets React to Failed Negotiations and Hormuz “Blockade” – Today, 6 PM ET
2. March Existing Home Sales data – Monday
3. March PPI Inflation data – Tuesday
4. Philly Fed Manufacturing Index – Thursday
5. Initial Jobless Claims data – Thursday
6. 10…
— The Kobeissi Letter (@KobeissiLetter) April 12, 2026
This week, major banks like Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup will report their latest financial results.
Crypto Market Sees Red
The combined value of these companies fell by about $70 billion over the weekend, reaching just under $2.5 trillion at the time this was written.
Bitcoin‘s price dropped to $70,500 early Monday but quickly recovered to over $71,000. However, with renewed military activity in Iran, analysts now expect the price to likely fall back into the $60,000 range.
The price of Ether dropped by over 3%, falling below $2,200, and other cryptocurrencies have lost all the progress they made last week.
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2026-04-13 08:06