Crypto
Bitcoin Surges Above $79K as Trump Suggests Iran War May End
Bitcoin (BTC) surged back above $79,000 on Monday as markets digested mixed signals over the US-Iran conflict. The price increase came after US President Donald Trump suggested that the war could be nearing an end.
Oil prices fell in response to Trump's comments, with WTI crude oil dipping below $100 per barrel and Brent crude trading at $105 per barrel.
The odds of a 25-basis-point Federal Reserve rate hike have risen to over 90%, according to the CME Group's FedWatch Tool. The tool shows that the probability of a hike has increased from 59.4% a week ago.