In the early hours of Monday morning, U.S. pre-market futures declined, mirroring a slump in Asian stock indexes. Amid this market turbulence, Bitcoin (BTC) and Ether (ETH) displayed notable resilience, with only minor 0.2% declines over the past 24 hours. XRP, on the other hand, experienced a 1.3% decrease, while Cardano's ADA saw a modest 0.4% increase.

This stability in the cryptocurrency market occurred against the backdrop of the Israel-Hamas conflict, which entered its third day on Monday. The conflict began when Palestinian militants, specifically Hamas, launched missiles into Israel early on Saturday. Concerns about the conflict potentially spreading to neighboring states, particularly Iran, had an impact on oil prices, as traders speculated about potential supply disruptions.

Josh Young, Chief Investment Officer of energy investment firm Bison Interests, highlighted the possibility of a significant impact on the oil market if the U.S. were to impose sanctions on Iranian exports. He suggested that we could witness a $5 increase in WTI oil prices if such measures were enforced. In response to these geopolitical concerns, Crude Oil WTI rose by 3.23% since Sunday, marking a 16% gain over the past three months. Additionally, Brent Crude Oil saw a nearly 3.5% increase.

As for equity markets, they followed the downward trend, with Asian markets showing losses at the start of the week. India's Sensex slipped by 0.69%, the Shanghai Composite lost 0.44%, and the Singapore Straits Times Index fell by 0.2%. Furthermore, pre-market futures in the U.S. indicated potential losses, with the Dow Jones Index down by 0.77% and the tech-heavy Nasdaq 100 slumping by 0.86%.