Crypto
Bitcoin Surges Past $79K as Trump Hints at Iran War Resolution
Bitcoin rebounded above $79,000 on Monday as US President Donald Trump suggested an end to the Iran war could be near. This news coincided with a decline in oil prices following Trump's comments.
Oil prices had initially surged due to ongoing uncertainty over key Middle Eastern transit routes. However, after Trump doubled down on his prediction of lower oil prices and hinted at a resolution to the conflict, crude oil dipped.
The S&P 500 fell 0.3% at the time of writing, while US WTI crude oil traded above $100 per barrel and Brent crude was at $105 per barrel.