0
Bitcoin (BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected mixed signals over the US-Iran war.
Key points:
- Bitcoin rises above $79,000 as oil prices fall after US President Donald Trump suggests the Iran war could be nearing an end.
- Markets raise the odds of a 25-basis-point Federal Reserve rate hike to more than 90%.
- Bitcoin tests its 50-week exponential moving average after closing below the key trend line on Sunday.
Bitcoin gains as Trump references end to Iran war
Data from TradingView showed BTC/USD erasing its weekend losses and gaining around 3% on the day.
Crypto saw fresh upside as US President Donald Trump boosted prospects of a peace deal with Iran.
“The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage – The concept of which we are open to,” he wrote in a post…
