Bitcoin surges above $83,500, Monero (XMR) up 13%, as falling oil prices lift risk assets; Trump-Xi summit eyed
Bitcoin traded just under $84,000 on Monday, extending gains from late last week, with Monero's XMR leading larger tokens with a 13% rise. Broader risk assets also climbed, including S&P 500 and Nasdaq 100 futures, as Brent crude fell for a fourth consecutive session, its longest losing streak in three months. The decline in oil prices is easing inflation concerns, which has kept the Federal Reserve hawkish. Traders are also positioning ahead of a summit between President Trump and President Xi later this week, and Trump indicated he would "probably" be open to meeting Iranian President Masoud Pezeshkian at the U.N. General Assembly.
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Source:CoinDesk · Source Link
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