Morning Minute: Crypto Holds Strong as War Escalates
Crypto markets remain resilient despite global tensions and volatile macro conditions. As of this morning, Bitcoin trades at $73,900, Ethereum at $2,280, and Solana at $93.80, with weekly gains of 9%, 13.9%, and 12.1% respectively, notably outperforming flat equities and declining gold. Despite oil prices surging 25% after a U.S. strike on Kharg Island—critical for Iran's oil exports—oil has since decreased and crypto maintains momentum. Spot Bitcoin ETFs posted net inflows every trading day last week, totaling $763.4 million—the first such five-day streak of 2026. Ethereum ETFs also saw $117 million in weekly inflows. The Ethereum Foundation sold 5,000 ETH (worth $10.2M) to BitMine, which holds over 4.53 million ETH. Billionaire Stanley Druckenmiller predicts stablecoins will become central to payments within 10-15 years, viewing them as efficient and low-cost, while remaining skeptical about the broader crypto sector. In Argentina, a leaked document details a $5 million payment structure for President Javier Milei’s alleged promotion of the LIBRA token, infamous for its role in the collapse of the 2023-2025 meme coin cycle.
