Daily Market Briefing: Bitcoin Reclaims $65,000 as Oil Retreat Fuels Risk-Asset Recovery

TLDR

• Bitcoin reclaimed the $65,000 level as lower oil prices improved demand for risk assets.
• U.S. stock futures rose after easing U.S.-Iran tensions reduced immediate energy supply concerns.
• Spot Bitcoin ETFs recorded about $212.2 million in net outflows after seven positive trading sessions.
• Microsoft, Amazon, Meta and Apple earnings will test confidence in heavy AI infrastructure spending.
• The Federal Reserve decision, GDP figures and inflation data could drive stocks and crypto this week.

Bitcoin moved back above $65,000 on Monday as easing tensions between the United States and Iran pushed oil prices lower. Technology stocks also prepared for a critical earnings week, while investors awaited the Federal Reserve’s next policy decision.

Bitcoin Price Returns Above $65,000

Bitcoin traded near $65,062, gaining roughly 1% during the session after moving between $64,359 and $65,598. Ether outperformed Bitcoin as lower energy prices encouraged investors to return to risk-sensitive assets.

… Continue reading the full article at the original source below.