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Crypto Market Stable, Oil Prices Surge as Hamas Attack on Israel Jolts Markets

Bitcoin (BTC) and ether (ETH) showed signs of resilience even as broader equity markets slid and oil prices rose as traders reacted to rising turmoil in the Middle East. Bitcoin and ether were little changed with a small 0.2% decline in the past 24 hours. XRP fell 1.3%, while Cardano’s ADA rose 0.4%. The CoinDesk Market Index (CMI) slipped 0.19%, pointing to slight losses among a diversified basket of token holdings. The Israel-Hamas conflict extended to its third day on Monday after Palestinian militants Hamas first fired missiles into Israel on early Saturday. Crude Oil WTI rose 3.23% since Sunday, MarketWatch data shows, extending three-month gains to 16%. Elsewhere, Brent Crude Oil rose nearly 3.5%.

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