The Daily Bullion: crypto sinks as oil clears $100

Crypto is the clear story into the new session. XRP dropped 9.75% to 1.2834, XTZ fell 9.61% to 0.223 and Stellar lost 8.31% to 0.17537 — the three deepest declines across all 83 instruments tracked. Against that, crude pushed higher, with USOil up 2.9% to 100.89 and UKOil adding 1.8% to 104.63.

Crypto

The selling was broad. Bitcoin slipped 3.26% to 75,613.93 and Ethereum shed 4.72% to 2,395.88, while Cardano fell 6.2% and GRT 6.08%. Solana lost 5.57% to 96.76 and Polkadot 5.8% to 0.942.

The longer view is more mixed. Despite the drop, Ethereum still holds a 25.33% month gain and Solana 27.5%. XRP remains up 28.12% on the month even after the session’s plunge, while on the year it is down 57.76%. UNI stands apart, up 3.33% on the week and 93.71% on the month.

Currencies

The dollar firmed broadly. USDJPY rose 0.45% to 155.10, extending a 1.02% weekly gain, and USDCHF added 0.11% to 0.81811. EURUSD eased 0.12% to 1.15334 and GBPUSD fell 0.22% to 1.34687.

The commodity currencies lagged. NZDUSD dropped 0.51% to 0.57473, down 1.64% on the week, and AUDUSD slipped 0.12% to 0.71279. The Scandinavian crosses moved most: EURNOK fell 0.62% and GBPNOK 0.64%, with USDSEK up 1.71% on the week to 9.75445.

Metals and Energy

The crude rally leads the commodity board, USOil now up 6.81% on the week and 20.03% on the month. The precious metals firmed at the margin: palladium rose 1.59% to 1,303.70 and platinum 1.28% to 1,785.52, though both remain lower on the week at -3.84% and -6.19%. Gold added just 0.12% to 4,293.35 and silver 0.83% to 63.65, leaving gold down 2.29% on the week. Silver still carries a 49.38% year gain.

Indices

Equities were softer. The Nasdaq 100 fell 0.6% to 28,970.75, down 1.58% on the week, and the S&P 500 lost 0.43% to 7,591.62. The Dow slipped 0.59% and the Hang Seng 1.1% to 24,764.06. The Nikkei 225 bucked the trend, rising 0.92% to 63,639.42, holding a 42.11% year gain despite a 7.67% monthly pullback.

Into the session, the crypto complex is the standout weak spot while crude sits at the top of the board above $100.