Bitcoin rises above $79K as oil falls on Trump remarks
Bitcoin climbs above $79,000 as Trump signals Iran war may end Weaker oil and Fed signals could keep crypto markets moving
Bitcoin moved back above $79,000 after the U.S. market open on Monday as investors reacted to comments from President Donald Trump about the Iran war possibly ending.
The move came alongside weaker oil prices, which eased after Trump suggested the conflict could be nearing a close. At the same time, U.S. stock indexes turned lower after an early gain, reflecting continuing uncertainty over Middle East supply routes.
The report also noted that markets are pricing in a high chance of a Federal Reserve rate hike this week. Analysts said the central bank’s wording on inflation and future policy may matter more for risk assets than the decision itself.