Bitcoin tops $79K, oil falls as Trump says Iran war could end

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 warData from TradingView showed BTC/USD erasing its weekend losses and gaining around 3% on the day.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewCrypto 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 on Truth Social.US equities initially gained at Monday’s Wall Street open but subsequently turned red amid ongoing uncertainty over the fate of key oil-transit routes in the Middle East. The S&P 500 was down 0.3% at the time of writing.In addition to the S...