Crypto
Bitcoin Hits $79K as Iran War Hints Send Oil Prices Plummeting
Bitcoin (BTC) surged above $79,000 on Monday after US President Donald Trump hinted at an end to the Iran war, which sent oil prices plummeting.
The sudden shift in market sentiment came as Trump posted on Truth Social that Iran wants to make a deal and that he would determine whether or not the U.S.A. will engage.
This sparked a 3% gain for BTC/USD, with markets dissecting mixed signals over the US-Iran war.
The latest data from CME Group's FedWatch Tool puts the odds of a 25-basis-point Federal Reserve rate hike at 92.7%, up from 59.4% a week ago.