Bitcoin Approaches $84,000 as Oil Prices Slip and Risk Assets Rally

Bitcoin traded just under $84,000 on Monday, marking a nearly 2% rise over the previous 24 hours and extending the upward momentum that began late last week.

Crypto Gains Across the Board

Most major digital assets posted gains:

• Monero (XMR) surged 13% to around $588, though it retraced about 4% in the last hour.
• Dogecoin (DOGE) rose 5%.
• XRP increased 4% to just above $1.45.
• Ether (ETH), Solana (SOL) and HYPE each climbed roughly 3%.
• Binance Coin (BNB) and Zcash (ZEC) gained about 2%.
• TRON (TRX) was the only major token under 1%.

Risk Assets and Market Sentiment

Equity futures also rose, with S&P 500 futures up more than 0.5% and Nasdaq 100 contracts nearly 1%, driven by technology shares. Treasury yields increased across the curve, European bonds outperformed, and the U.S. dollar remained flat.

Oil Decline Fuels the Rally

Brent crude fell for a fourth consecutive session, marking its longest losing streak in three months. The decline was linked to diplomatic developments aimed at easing U.S.-Iran tensions and restoring Middle East oil shipments. President Donald Trump indicated a possible meeting with Iran’s president at the upcoming U.N. General Assembly.

Lower energy prices are easing inflation concerns that have kept the Federal Reserve hawkish, and traders are also positioning ahead of a scheduled Trump‑Xi summit later in the week.