Bitcoin fell back to around $68,000 as selling intensified on reports that Trump threatened to attack Iran’s facilities, with funds flowing into commodities. Weekend price moves left a CME gap, the price difference between Bitcoin’s Friday close and Sunday night reopening. The gap is expected to be filled on Monday if Bitcoin recovers toward $70,000.
Gold and silver also moved lower on Monday, with January’s record highs appearing to reflect speculative froth rather than genuine safe-haven demand. In contrast, the dollar index (DXY) traded back above 100, helped by inflation concerns and a pause in the Fed’s rate-cut cycle. Beyond Bitcoin, altcoins lagged, but privacy tokens and certain assets such as BCH and LINK showed relative strength amid mixed sentiment.
More than $400 million in leveraged crypto futures bets were liquidated in the past 24 hours. Of this total, over $280 million were longs, indicating that bullish bets were hit hard by Sunday’s decline. Open interest in PAXG-linked futures rose about 4%, while investors pulled funds from BTC and other major crypto futures. Ethereum’s open interest rose less than 1%.
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