Bitcoin rallies past $82,000 and Monero jumps 13% as Brent crude declines for a fourth consecutive session, fueling a broader risk-on sentiment across global markets.
Bitcoin climbed above $82,000 on Monday as falling oil prices bolstered investor appetite for risk assets. Monero's XMR token outperformed, rallying 13% as traders adjusted positions ahead of a high-stakes summit between President Trump and President Xi later this week.
The rally is primarily driven by a decline in Brent crude oil prices, which has improved risk sentiment, alongside strategic positioning by traders ahead of the Trump-Xi summit.