Rising energy prices could shock global economies and slash Bitcoin's valuation, warns expert Nik Bhatia in new podcast discussion.

According to Gary Black, stocks reversed earlier losses and posted gains as energy prices fell sharply following statements from President Trump suggesting that the 'war could be over soon.' Brent crude dropped significantly from $99 to $89 per barrel. The S&P 500 (SPX) rose by 1.0%, the Nasdaq 100 (NDX) by 1.4%, and Bitcoin surged 2.7%. This market reaction aligns with Trump’s first press conference scheduled later today, signaling potential de-escalation in U.S.-Iran tensions.

According to Gary Black, stock indices turned positive as energy prices dropped sharply following comments from President Trump suggesting that the 'war could be over soon.' Brent crude prices fell from $99 to $89 per barrel, leading to gains in SPX (+1.0%) and NDX (+1.4%). Bitcoin also experienced a notable surge, jumping 2.7%.