Summary
- Bitcoin (BTC) extended its gains, trading near the $84,000 level and up about 2% from 24 hours earlier.
- International oil prices fell for a fourth straight day, drawing buying across risk assets including stocks and cryptocurrencies.
- Altcoins also rose across the board, with Monero (XMR) jumping 13%, Dogecoin (DOGE) up 5%, XRP up 4%, and Ethereum (ETH), Solana (SOL) and Hyperliquid (HYPE) up about 3% each.
Forecast Trend Report by Period
Bitcoin (BTC) extended its advance, topping $84,000, as a four-day slide in international oil prices helped fuel buying across risk assets including stocks and cryptocurrencies.
CoinDesk, a cryptocurrency-focused media outlet, reported on September 21 that Bitcoin was trading near $84,000, up about 2% from 24 hours earlier. It rose as high as $84,174 during the session.
Major altcoins also climbed across the board. Monero (XMR) surged 13%, while Dogecoin (DOGE) rose 5% and XRP gained 4%. Ethereum (ETH), Solana (SOL) and Hyperliquid (HYPE) each added about 3%.
Risk appetite was also evident in traditional financial markets. S&P 500 futures rose more than 0.5%, while Nasdaq 100 futures gained about 1%. US Treasury prices were broadly higher as well.
Lower oil prices were seen supporting investor sentiment. Brent crude fell for a fourth straight day and was down about 2% on the day as the prospect of easing diplomatic tensions between the US and Iran came into focus.
A summit scheduled for September 24 between US President Donald Trump and Chinese President Xi Jinping is also a key variable for markets. The two leaders are expected to discuss trade, technology and Iran-related issues.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.