According to The Kobeissi Letter, current market dynamics show stock market futures declining, typically a sign of escalating geopolitical risk, while gold prices are falling, which usually signals optimism about peace. Meanwhile, oil and natural gas prices are surging, consistent with heightened war concerns, and bond yields are rising, which often happens when investors anticipate economic stability. These conflicting signals may increase volatility in major cryptocurrencies such as BTC and ETH, as crypto assets often respond to macroeconomic uncertainty and shifts in risk sentiment. Traders should closely monitor these cross-asset moves for potential crypto market impacts. Source: The Kobeissi Letter, June 19, 2025.

According to The Kobeissi Letter, natural gas prices have decreased by over $1.00 from their previous high, with prices recently touching $3.00. The market is reacting to expectations of another supply glut, as inventories remain above historical averages and the recent cold front did not significantly impact demand.