Bitcoin Soars Past $79K Amid Trump's Optimism and Fed Rate Hike Speculation

Bitcoin's price surged about 3% to over $79,000 after weeks of decline, driven by President Trump's optimistic remarks on a US-Iran deal and progress on the US Senate's Clarity Act.

The comments also caused oil prices to fall, boosting risk assets like crypto, which rose above its 50-week moving average.

However, markets are closely watching the Federal Reserve's policy meeting on Wednesday for future guidance, as it is expected to raise interest rates by 25 basis points.