March 9, 2026

As the Strait of Hormuz remains closed, several Middle Eastern oil-producing countries have reduced or halted production, causing crude oil prices to surge from just over $70 to $120 in a matter of days. However, gold, which should theoretically continue to rise, has actually dipped slightly in the past two days. The relationship between financial assets and global affairs has never been a simple point-to-point model, nor is it black and white. The undercurrents of capital flow make this complex world more intriguing, attracting more people to follow the tide. Perhaps, in a few days, the Strait of Hormuz will resume normal navigation?
Today is Monday’s opening, and for the crypto market that just experienced a sluggish weekend, performance is crucial. Fortunately, the results have given us good news. Currently, Bitcoin has stabilized its decline, although it hasn't yet returned to 70,000. Additionally, Ethereum has once again touched $2,000, restoring some confidence among market investors. If the market continues to rise in the next few days, especially if Bitcoin can break through 70,000, the upward trend could continue, indicating that the next rebound could come relatively quickly.
Although I haven't participated in trading crude oil or precious metals, I can sense from Hype’s trading share that in a rising market, investor enthusiasm is very high. Hype’s non-crypto asset trading share has surpassed 30% of the entire platform. Besides generating more fees, this also indicates that as long as prices rise, there’s no shortage of funds and market activity. For crypto, I firmly believe that the future will be