Figure Technology Solutions (FIGR) stock plummeted 5.21% during intraday trading on Monday, reflecting significant downward pressure on the cryptocurrency-related company's shares.

The decline aligns with broader weakness in crypto stocks, which have been under pressure due to soaring oil prices amid the ongoing stalemate in the Iran war. Rising fuel costs have heightened inflation concerns, negatively impacting risk assets like cryptocurrencies and related equities.

Market reports indicated crypto stocks fell in overnight and premarket sessions, with Figure Technology Solutions specifically noted as declining 4% in overnight trading prior to Monday's session, suggesting sustained selling pressure in the sector.