Bitcoin traded just below $84,000 on Monday, gaining nearly 2% over the past 24 hours and extending the rally that began late last week, according to CoinDesk data. The move came alongside a broader rise in risk assets, with S&P 500 futures up more than 0.5% and Nasdaq 100 contracts close to 1%, led by technology shares. In crypto, Monero’s XMR led major tokens with a 13% jump to nearly $588 before giving back 4% of that gain in the past hour. DOGE rose 5%, XRP added 4% to just above $1.45, and Ether, SOL, and HYPE each climbed about 3%. BNB and ZEC were up 2%, while TRX lagged with a gain of less than 1%.
Oil prices were a key driver. Brent crude fell for a fourth straight session, its longest losing streak in three months, as traders watched diplomatic efforts tied to Washington and Tehran and the possible restoration of Middle East crude shipments. President Donald Trump told Fox News he would "probably" be open to meeting Iranian President Masoud Pezeshkian at this week’s U.N. General Assembly. Lower energy prices have eased inflation concerns that have kept the Federal Reserve hawkish, while traders are also positioning ahead of a Trump-Xi summit later this week.
Bitcoin traded just under $84,000 on Monday, up nearly 2% over the past 24 hours and extending the climb that started late last week, according to CoinDesk data.
Major tokens moved higher, with XMR leading
Among larger cryptocurrencies, Monero’s XMR stood out with a 13% gain to nearly $588, though it gave back 4% of that advance over the past hour. DOGE added 5%, while XRP rose 4% to just above $1.45.
Ether, SOL and HYPE each gained about 3%. BNB and ZEC were up 2%, and TRX trailed the group with a rise of less than 1%.
Risk assets advanced across markets
Risk assets broadly moved higher. S&P 500 futures were up more than 0.5%, and Nasdaq 100 contracts gained nearly 1%, with technology shares leading in multiple regions. Treasuries rose across the curve, European bonds outperformed, and the dollar was little changed.
Oil prices were the main catalyst
Oil did most of the work behind the move. Brent crude fell for a fourth straight session, marking its longest losing run in three months, as traders tracked diplomatic efforts aimed at easing tensions between Washington and Tehran and restoring Middle East crude shipments.
President Donald Trump told Fox News he would "probably" be open to meeting Iranian President Masoud Pezeshkian during this week’s U.N. General Assembly.
Inflation and policy expectations stayed in focus
Cheaper energy has eased the inflation picture that has kept the Federal Reserve hawkish. Traders are also positioning ahead of a Trump-Xi summit later this week.
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