Market News Today: U.S. Equity Futures Slide 1.5% as Oil Hits $75, Gold Nears $5,600; Bitcoin Holds Above $66K

U.S. equity futures fell in pre-market trading as oil and gold retreated from spike highs following escalating Iran hostilities, while Bitcoin diverged by holding above $66,000.Markets reacted to weekend conflict developments involving Iran, with volatility gauges surging and risk assets facing pressure.Oil Spikes to $75 Before PullbackWTI crude oil briefly surged to $75 per barrel after reports that a Saudi oil refinery was hit during Iran’s response.Prices later eased below $72, though crude remains approximately 8% higher over the past 24 hours, reflecting elevated geopolitical risk premiums.Energy markets remain sensitive to potential disruption in Gulf shipping routes.Gold Nears Record High Before RetreatGold climbed more than 2% to approximately $5,400 per ounce, approaching its record high near $5,600, before trimming gains.The move reflects traditional safe-haven demand as investors rotate into defensive assets during periods of geopolitical stress.Nasdaq Futures Fall 1.5%, Volatility JumpsU.S. equity futures weakened in pre-market trading:The Invesco QQQ Trust (QQQ) declined 1.5%The U.S. dollar index (DXY) rose to 98.2The VIX volatility index jumped more than 10%The MOVE bond volatility index also rose over 10%Early losses in equities have moderated slightly, suggesting initial reactions may have overshot.Bitcoin Holds $66K in Divergence From Tech StocksDespite pressure in software and growth equities, Bitcoin (BTC) remained resilient:Trading above $66,000Up roughly 1% over 24 hoursThis marks a modest divergence from recent correlation trends with technology stocks. The iShares Expanded Tech-Software Sector ETF (IGV) is down approximately 1%.Crypto Stocks Trade LowerCrypto-related equities were mostly under pressure:Coinbase (COIN) down 2%Cipher Mining (CIFR) down ~3%IREN (IREN) down ~3%Bullish (BLSH) down 4%Strategy (MSTR) roughly flatThe divergence between Bitcoin spot performance and crypto equities highlights lingering caution in equity markets.Market Sentiment: Elevated But Not DisorderlyWhile volatility has risen, key assets have pulled back from extreme levels:Oil off its spike highGold retracing from near-record levelsEquity losses narrowingBitcoin’s ability to maintain support above $66,000 suggests positioning may already have been reduced prior to the geopolitical escalation.Markets will continue to monitor:Oil price stabilityDollar strengthEquity volatility trendsFurther developments in the Middle EastFor now, risk sentiment remains fragile but contained.