- US gasoline prices are expected to rise.
- The crypto market is down by 0.80% in terms of market cap.
- Other factors that could impact the crypto market are AI and tariffs.
Concerns around a possible increase in the US gasoline price have brought attention to the crypto market. While cryptocurrencies have somewhat maintained their price levels over the weekend, the ongoing geopolitical scenario could inject higher volatility, with investors wanting to allocate their funds to a safer space.
US Gasoline Price Concerns
It essentially stems from the current situation in Iran. The Iranian government has reportedly closed navigation through a critical route, the Strait of Hormuz – known for controlling one-fifth of the oil’s flow. And, the global benchmark has already spiked by 10% with a close linkage to Brent reaching $100 if the war prolongs.
The US gasoline price is expected to rise above $3 per gallon. Experts have said that oil could move before gasoline; however, it could eventually feel the load of the war. America has an option to release oil from its strategic reserve to prevent the price rise, but there is no official confirmation about its utility.
Notably, experts have signalled that gasoline prices go up at this time of the year anyway due to summer vacation. They were ready for a price between $3.10 and $3.25 per gallon. Given the circumstances, the range could come up faster than it expected.
Situation Across the Crypto Market
Prices of top cryptocurrencies are still below the expected values. For instance, BTC is trading at $66,685.57, below $69k, and ETH is listed at $1,967.45, below $2k. Prices peaked during early October 2025. It has been a downfall since then, with a mix of ups and lows.
Overall, the market cap has dropped by 0.80% to $2.3 trillion, with an FGI still hovering around 15 points.
Volatility for BTC currently stands at 6.05% with a 3-month projected value of $70,218. ETH has a higher volatility of 7.55%, and it could go as high as $3,694.35 in the next 3 months.
Other Factors Likely to Impact the Crypto Market
Artificial Intelligence (AI) and tariffs are additional factors that could impact the crypto market. Both of them, along with the geopolitical scenario, brought three indexes down last week, namely Dow, Nasdaq, and S&P. The decline was 1.05%, 0.92%, and .043%, applicable in the same order.
It is important to note that the content of this article is neither a recommendation nor advice. Do thorough research and risk assessment before crypto investments.
Highlighted Crypto News Today:
Tether Freezes $4.2B USDT in Crime Crackdown
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bittensor (TAO) Tests Crucial $180 Level Amid Renewed AI + Crypto Interest
Michaël van de Poppe's insights on TAO hint at a key resistance level at $180 that could lead to higher prices if surpassed. The token's tie to Bittensor and the AI-crypto narrative keeps it in focus as traders monitor its performance and volume for potential gains.
BlockChainReporter5m ago
HBAR Faces Renewed Pressure as $0.09 Support Weakens
Key Insights:
HBAR price repeatedly failed to clear value area high resistance, reinforcing overhead supply and weakening bullish momentum within the current range structure.
The $0.09 high timeframe support now defines short term direction as price rotates lower inside a clearly
CryptoFrontNews29m ago
Culper Research shorted Ethereum, citing the upgrade as the trigger for a death spiral
Culper Research report indicates that Ethereum's Fusaka upgrade caused excess block space, leading to a 90% drop in transaction fees, potentially entering a "death spiral" cycle, resulting in decreased staking demand and network security. The report mentions Vitalik Buterin selling large amounts of ETH, questioning Tom Lee's bullish outlook, and points out BitMine's loss risks held in Ethereum.
MarketWhisper41m ago
Pi Network Today's News: $0.20 Becomes the Bull-Bear Threshold, Token Unlock Adds Variables
Pi Network (PI) tokens recently surged in price, breaking through $0.1900, with a total increase of about 15%. Market sentiment has improved, and the fear index has risen back to 29. However, 20.8 million PI tokens will be unlocked on Saturday, which could increase selling pressure and pose a short-term risk to the price. If it can break through $0.1959, the target price is $0.2613; but a drop below the 50-day moving average could turn the trend bearish.
MarketWhisper52m ago
Glassnode: Bitcoin selling pressure has eased, but institutional demand remains in the testing phase
PANews March 6 News, Glassnode posted on X platform analyzing that the outflow trend of Bitcoin spot ETF funds has stabilized. The 14-day net flow trend has turned upward, indicating that as Bitcoin breaks through $70,000, selling pressure is easing. Institutional demand remains in a tentative stage, but early signs of reaccumulation are beginning to appear.
GateNews57m ago
XRP Today's News: Musk X Money Beta Released, Sparks On-Chain Integration Speculation
Elon Musk's X company has launched a beta version of the X Money payment system, allowing users to transfer and manage funds, sparking widespread discussion about XRP integration. Although there are no official plans for cryptocurrency integration at the moment, the market is generally optimistic. Analysts believe that XRP has design advantages for payments, especially with improved regulatory environments, making it more promising. However, the practicality of stablecoins is also under scrutiny. XRP is currently testing the $1.50 technical resistance level. If successfully broken through, it could trigger further gains.
MarketWhisper59m ago
