Bitcoin Reclaims $79,000 as Easing US-Iran Tensions Cool Oil Prices
Bitcoin (BTC) rebounded to $79,000 on Monday following reports that US President Donald Trump signaled a potential end to the US-Iran military conflict. The news led to a decline in international crude oil prices and a reduction in market risk aversion. Despite the crypto rally, concerns over macroeconomic liquidity persist, with CME Group's FedWatch Tool indicating a 92.7% probability that the Federal Reserve will raise interest rates by 25 basis points this Wednesday, potentially pushing the target rate to 3.75%-4%.
Summaries are written by AI from the original article. Not investment advice.