Bitcoin rose above $79,000 on Monday after US President Donald Trump hinted the Iran conflict could end, pushing oil prices lower. Brent crude traded at $105 per barrel while US WTI crude remained above $100 per barrel. Markets now price in a 92.7% chance of a 25-basis-point Federal Reserve rate hike on Wednesday, up from 59.4% a week ago. BTC/USD reclaimed its 50-week exponential moving average at $77,430. Trading firm QCP Capital warned that sustained high energy prices could keep the Fed restrictive, creating policy tension between inflation and economic slowdown.
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