Bitcoin tops $79K, oil falls as Trump says Iran war could end
Bitcoin rebounded to about $79,000 after Monday’s Wall Street open, recovering weekend losses as traders reacted to shifting US-Iran war headlines. Gains were helped by Donald Trump suggesting Iran wants a deal and hinting the conflict may end soon, which also pressured oil prices lower after earlier spikes. US stocks turned weaker as uncertainty persisted over Middle East energy transit routes, while WTI stayed above $100 and Brent near $105 before easing. Markets now expect the Fed to keep rates restrictive, with odds heavily favoring a hike. QCP said prolonged high oil prices could lift inflation and complicate Fed policy, making the central bank’s wording more important than the rate decision itself. Bitcoin also reclaimed its 50-week EMA around $77,430, a key bullish support level.
