Bitcoin and altcoins sold off as the Monday US market open reflected traders’ fear over oil prices, US employment data and the future of the US and Israel-Iran war.
💡 DMK Insight
Bitcoin’s dip to $82.40 and altcoins following suit signals a broader market anxiety. Traders are reacting to rising oil prices and upcoming US employment data, which could impact inflation expectations and Fed policy. The geopolitical tension surrounding the Israel-Iran conflict adds another layer of uncertainty, likely causing risk-off sentiment. For those trading SOL at $82.40, keep an eye on the $80 support level; a break below could trigger further selling. Conversely, if we see a bounce, it might indicate a short-term buying opportunity, especially if oil prices stabilize. The flip side? If employment data comes in stronger than expected, it could fuel fears of aggressive Fed tightening, pushing crypto further down. Watch for correlations with traditional markets—if equities continue to slide, expect crypto to follow. Immediate focus should be on the next employment report and oil price movements, as these will dictate market sentiment in the short term.
📮 Takeaway
Monitor SOL closely around the $80 support level; a break could lead to more downside, while a bounce may present a buying opportunity.




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