Crypto markets stir as oil dips below $100 and Trump's Iran plan sparks Bitcoin rebound

Crypto markets stir as oil dips below $100 and Trump's Iran plan sparks Bitcoin rebound

Sonia Macias
Sonia Macias•
• 2 Min.
Pie chart showing cryptocurrency market capitalizations in 2016, with sections for Bitcoin, Ethereum, and Litecoin.

Crypto markets stir as oil dips below $100 and Trump's Iran plan sparks Bitcoin rebound

Cryptocurrency markets saw fresh activity this week as oil prices dipped below $100 per barrel for the first time in weeks. The shift followed a political proposal from former US President Donald Trump aimed at easing tensions with Iran. Meanwhile, a new crypto project called Pepeto has drawn attention for its rapid fundraising and bold growth forecasts.

In separate moves, Coinbase expanded its offerings for international traders, while Bitcoin and tech stocks showed signs of recovery after recent volatility. On March 25, Donald Trump unveiled a 15-point plan to resolve the long-running conflict with Iran. The announcement triggered a drop in oil prices, pushing them under $100 per barrel—a level not seen in weeks. The decline in oil coincided with a modest rebound in Bitcoin, which climbed 1.2% in response. The digital asset mirrored gains in Nasdaq 100 futures, while market volatility eased.

Amid these shifts, Pepeto, a decentralised exchange founded by a co-creator of the meme coin Pepe, has emerged as a standout project. It recently secured over $8 million in funding despite a broader market sentiment described as 'extreme fear'. The platform offers staking rewards of up to 193% APY and processes trades with zero fees. Additional features include a cross-chain bridge and a risk assessment tool for new token investments. Some analysts now predict a 100x surge from its current price of $0.000000186.

Elsewhere, Coinbase rolled out stock perpetual futures for non-US traders, allowing exposure to major companies like Apple and Nvidia alongside cryptocurrencies. The exchange's move aims to capture trading fees, though critics note a lack of tools for long-term wealth building. Separately, research from Phemex highlighted strong performance in real-world asset (RWA) and AI-related tokens, as investors shift capital toward projects with practical applications. The crypto market continues to react to geopolitical developments and new financial products. Pepeto's rapid fundraising and ambitious projections have positioned it as a project to watch, while Coinbase's expansion reflects growing demand for diversified trading options. With Bitcoin showing tentative recovery and alternative sectors like RWA and AI gaining traction, traders are adjusting strategies in an evolving landscape.

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