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Crypto Saw It Coming: How Sunday’s Dip Foreshadowed Monday’s Market Meltdown

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Software Stocks Under Stress: Is Bitcoin at Risk?

Markets opened Monday to a sell-off that crypto investors had seen coming. The collapse of US-Iran peace talks in Islamabad and a new US naval blockade impacted major asset classes.

The weekend’s failures raised fresh fears over supply disruption and cast doubt on a fragile two-week ceasefire set to expire on April 22.

Crypto’s Sunday Dip Warned What Monday’s Stock Sell-Off Would Confirm

Bitcoin (BTC) dropped from a weekend high near $74,000 to an intraday low of $70,570 yesterday after Vice President JD Vance confirmed that 21 hours of negotiations had ended without a deal. The total crypto market cap fell about 1.8%.

The sell-off deepened after the US Central Command (CENTCOM) announced a blockade of “all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET.”

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BeInCrypto Markets data showed that the total market capitalization has fallen 2.68% over the past 24 hours. At the time of writing, BTC traded at $71,125. Ethereum (ETH) had dropped to $2,204.

Meanwhile, by Monday morning, traditional markets confirmed what crypto had already priced in. The Kobeissi Letter noted that the S&P 500 and Dow Jones each fell roughly 1%, while the Nasdaq 100 slid 1.3%.

“US stock market futures open sharply lower as Iran War peace talks end without a deal,” the post read.

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Gold and silver both declined in early Asian trading hours on Monday. Gold prices fell 0.75% to $4,711 per ounce, retreating rather than rallying despite the geopolitical turmoil. Silver prices dropped more sharply, sliding over 2% to $74.20. 

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The weakness across precious metals suggests that rising energy costs and the prospect of prolonged inflation are outweighing safe-haven demand, as traders increasingly expect the Federal Reserve to hold rates steady for longer.

Finally, energy markets also reacted sharply, though in the opposite direction. US crude oil jumped over 10% past $105 per barrel. International Brent crude rose 8%. Wholesale gasoline spiked 6%, and heating oil, a proxy for jet fuel, surged 9.3%.

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The pattern is becoming familiar. Throughout the weeks of the US-Iran conflict, crypto has repeatedly flagged geopolitical risk before equity sessions open. With the two-week ceasefire deadline approaching, traders across both markets face continued uncertainty over whether diplomacy can keep pace with escalation.

The post Crypto Saw It Coming: How Sunday’s Dip Foreshadowed Monday’s Market Meltdown appeared first on BeInCrypto.

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Crypto World

Allbirds rides the AI compute wave

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Allbirds rides the AI compute wave

Allbirds (BIRD) surged as much as 400% after saying it will pivot from making sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure.

The company said it agreed to sell its footwear brand to American Exchange Group (AXNY) and reinvent itself as NewBird AI, backed by a $50 million convertible financing facility to acquire processing units and build AI infrastructure.

The loan is roughly double the company’s $22 million pre-announcement market cap.

Demand for computing power to support AI is surging, while supply remains constrained. The scarcity has already prompted bitcoin miners such as Bitfarms, now renamed Keel (KEEL), and MARA Holdings (MARA) to reduce or abandon their crypto aspirations and switch their computing resources into supporting the AI industry.

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Now, echoing the headlong rush into blockchain technology that engulfed companies such as Long Island Iced Tea Corp. in 2017, it seems even small-cap companies are attempting to position themselves to capture the AI opportunity.

Allbirds’ pivot comes after a steep decline in its core business, with the stock down roughly 99% from its peak. The shares, which closed $2.49 on Tuesday, surged to as high as $12.72 and were recently trading around $11.

Convertible financing means the investor initially provides capital to the company as debt, and can later convert it into equity, often at a discount, which can lead to significant dilution for existing shareholders.

UPDATE (April 15, 14:34 UTC): Updates share price move, adds bitcoin miners in fourth paragraph, Long Island Iced Tea in fifth.

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OKX Launches Regulated Crypto Derivatives in Europe

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OKX Launches Regulated Crypto Derivatives in Europe

OKX said Wednesday it is rolling out a Europe-specific crypto derivatives product called X-Perps, extending its regulated offering across the European Economic Area (EEA) through its Malta-based MiFID business.

The company said the new derivatives product is available to retail and institutional traders across all 30 EEA countries.

OKX said the platform is purpose-built in compliance with the Markets in Financial Instruments Directive (MiFID), a European Union regulatory framework governing financial instruments such as securities and derivatives.

The launch follows OKX’s March 2025 announcement that it had acquired a MiFID-licensed entity in Malta, which allowed the exchange to expand its derivatives trading across the EEA.

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Platform features multi-asset collateral and up to 10x leverage

OKX said X-Perps offers five-year expiry crypto derivatives with up to 10x leverage and supports multi-asset collateral, including euros, US dollars and crypto assets.

At launch, the platform offers pairs for numerous crypto assets, including major coins such as Bitcoin (BTC), Ether (ETH) and XRP (XRP), as well as memecoins such as Dogecoin (DOGE) and Pepe (PEPE).

“OKX will be rolling out more pairs and exploring high-demand products for retail and institutional traders as it builds out its fully featured, regulated European derivatives platform,” the company said in an announcement shared with Cointelegraph.

A structurally different product designed for Europe

OKX’s launch of X-Perps comes as the exchange has emerged as a major player in derivatives trading.

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According to CoinGlass, OKX ranked as the second-largest exchange in crypto derivatives in the first quarter of 2026, after Binance, with a cumulative quarterly trading volume of $2.19 trillion, versus Binance’s $4.9 trillion.

The three largest crypto derivatives platforms by cumulative volumes in Q1 2026. Source: CoinGlass

X-Perps is specifically structured to comply with MiFID requirements and will differ from products offered under other regulatory frameworks.

Related: Onchain perp DEX volumes fall for five straight months after October peak

OKX Europe CEO Erald Ghoos told Cointelegraph at Paris Blockchain Week that perpetual derivatives “cannot exist” under MiFID II because they would otherwise be classified as contracts for difference (CFDs). He said the exchange instead structured the product as a five-year expiry futures contract to ensure compliance with regional regulatory requirements.

He also said in a post on X that as much as 95% of crypto derivatives trading volume still occurs offshore.

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Cryptocurrencies, Europe, Derivatives, Leverage, OKX, Policy, Paris Blockchain Week
Source: Erald Ghoos

“I do believe that a lot of users will transition from offshore back to a fully regulated onshore environment,” Ghoos said, adding: “With X-Perps, we are bridging that gap under a fully regulated exchange where we offer great liquidity.”

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