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Oil futures surge 20% past $110 as war fears hammer Asian stocks, bitcoin steady near $67K

CoinDesk|Sam Reynolds|March 9, 2026 at 03:25 AM

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🤖AI Summary

Oil futures surged 20% above $110 amid war-related supply disruption fears, causing major Asian stock market selloffs with Nikkei down 6% and Kospi falling 8%. Bitcoin remained relatively stable near $67K despite the broader market turmoil.

Key Takeaways

→Oil prices jumped 20% past $110 due to war-related supply disruption concerns
→Asian markets suffered heavy losses with Nikkei down over 6% and Kospi sliding 8%
→Bitcoin showed resilience by maintaining stability around $67K amid market volatility
→Prediction markets are pricing in strong odds of crude reaching $120
→Geopolitical tensions are driving significant risk-off sentiment across traditional markets

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$BTC$67,193▲+0.3%

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#oil #war #asian-markets #bitcoin #geopolitical #supply-disruption #market-volatility #crude-oil #risk-off

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