Influenced by falling oil prices, the stock market has rebounded, and cryptocurrencies are seeing a broad rally. The Fear & Greed Index, representing crypto market sentiment, has recovered to a neutral level of 45. Bitcoin (BTC) broke through the psychological barrier of $75,000 this morning, while Ethereum (ETH) staged a strong rebound, rising over 7% to $2,353. Furthermore, the Nvidia GTC conference has triggered a significant surge in AI-related tokens.

Oil Prices Fall Below $100; Stock Markets Rebound

U.S. Treasury Secretary Bessent stated in an interview with CNBC on Monday that the U.S. is allowing Iranian oil tankers to pass through the Strait of Hormuz. Following this news, oil prices fell immediately. Additionally, The Wall Street Journal, citing officials, reported that the U.S. will soon announce a multi-nation coalition to provide escorts for vessels passing through the Strait of Hormuz. Meanwhile, President Trump also encouraged other nations to participate on Monday.

While the stock market rebounded due to falling oil prices, trading volume remained weak. Bulls typically look for increased volume as a sign of conviction in the rally. On Monday, trading volumes on both the NYSE and Nasdaq were well below their averages.

Nvidia GTC Conference Drives Gains in AI-Related Tokens

The S&P 500 recorded its best single-day performance since February, led by technology stocks, with Nvidia (NVDA) shares rising 1.7%. CEO Jensen Huang projects that revenue from artificial intelligence chips will reach at least $1 trillion by the end of 2027.

AI-related tokens such as FET (+24%) and NEAR saw significant gains. In his keynote, Huang predicted a massive increase in chip demand. Meanwhile, capital rotation into Layer 1 and privacy-related sectors (such as ZEC, up 24%) further fueled the overall market uptrend.

Bitcoin Breaks $75K

The cryptocurrency market is seeing a broad rally, with the total market capitalization rising 3.04% to $2.56 trillion. The Fear & Greed Index, representing market sentiment, has recovered to a neutral level of 45.

Bitcoin also broke through the $75,000 psychological barrier this morning. Last week, the 12 spot Bitcoin ETFs listed in the U.S. saw net inflows exceeding $767 million. As of now, the total net inflow for March has reached $1.3 billion.

MicroStrategy purchased nearly $1.6 billion worth of Bitcoin last week, marking the company's largest acquisition since January. MicroStrategy (MSTR) shares rose 5.6% yesterday.

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