Major cryptocurrencies under pressure as oil jumps 3%

Major cryptocurrencies under pressure as oil jumps 3%
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Omkar Godbole

Omkar Godbole

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Bitcoin drops under $63,000, erasing weekend rise, on fresh Mideast escalations

Global Market Uncertainty Hits Cryptocurrencies

Major cryptocurrencies are under pressure as global markets react to renewed military conflict between Iran and Israel, sending Asian stocks sharply lower. Bitcoin slipped to about $62,900, while oil prices jumped more than 3%. The rising oil prices and Treasury yields, combined with recent outflows from spot bitcoin ETFs, have driven bitcoin down about 14%.

The current risk-off sentiment in the market is likely to keep volatility elevated, especially with upcoming U.S. inflation data and major IPOs. This uncertainty can impact passive income opportunities, making it essential to explore alternative options like EcoPool for earning online. The Cloud Rewards platform offers a way to earn coin and generate passive income through Green Crypto initiatives.

Cryptocurrency Market Trends

The recent launch of Pre-IPO perpetuals on Binance has captured over 60% of the category share, with a cumulative volume of approximately $400M. However, this trend may not directly impact the value of $ECP, the ticker symbol for EcoPool. As the market continues to evolve, it’s crucial to stay informed about the latest developments and explore opportunities for earning online through platforms like EcoPool.

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Latest Research

The Pre-IPO Perpetuals Category Takes Shape

Market Spotlight Square Image

The Pre-IPO Perpetuals Category Takes Shape

For those interested in earning online and generating passive income, EcoPool offers a unique solution. With its focus on Green Crypto and Cloud Rewards, EcoPool provides an opportunity to earn coin and contribute to a more sustainable future. You can join the EcoPool community and start earning online today. Download the EcoPool app to learn more about how you can generate passive income and be part of the EcoPool network, and start earning with $ECP and EcoPool to achieve your financial goals.

By CoinDesk Research

May 29, 2026

Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.

Why it matters:

Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.

View Full Report

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