Bitcoin approached $84,000 on Monday, rising nearly 2% in the past 24 hours and maintaining momentum from late last week, according to CoinDesk data. The gains reflected a broader strength across major cryptocurrencies, with several large-cap tokens rallying alongside traditional risk assets.
Gains led by Monero, Dogecoin, and XRP
Among leading digital assets, Monero (XMR) delivered the most notable performance, jumping 13% to nearly $588 before trimming 4% of that gain within the hour. Dogecoin gained 5%, while XRP moved up 4% to cross $1.45. Ethereum, Solana, and HYPE each climbed approximately 3%. Binance Coin (BNB) and Zcash (ZEC) advanced 2%.
Tron (TRX) lagged behind, posting an increase of less than 1% over the same period. The upward momentum in the crypto sector mirrored the strength seen across other financial markets.
| Token | 24h Change | Price |
|---|---|---|
| Bitcoin (BTC) | +2% | ~$84,000 |
| Monero (XMR) | +13% | ~$588 |
| Dogecoin (DOGE) | +5% | N/A |
| XRP | +4% | >$1.45 |
| Ethereum (ETH) | +3% | N/A |
| Solana (SOL) | +3% | N/A |
| HYPE | +3% | N/A |
| BNB | +2% | N/A |
| Zcash (ZEC) | +2% | N/A |
| Tron (TRX) | N/A |
Monero is a privacy-focused cryptocurrency known for its advanced cryptographic features that enable confidential transactions. XMR prioritizes anonymity for both senders and receivers, distinguishing it from many other leading crypto assets.
Mini dictionary: Monero (XMR), a digital currency launched in 2014, employs privacy technologies such as ring signatures and stealth addresses to obscure transaction details and enhance user confidentiality.
Traditional assets follow risk-on sentiment
Broader markets exhibited similar optimism. S&P 500 futures rose more than 0.5%, and Nasdaq 100 contracts climbed nearly 1%, led by strength in technology stocks globally. Treasury securities gained across maturities, with European bonds outperforming and the dollar remaining little changed.
The upward move in cryptocurrencies and equities coincided with continued declines in oil prices, providing additional support to risk assets.
Oil prices drop further amid diplomatic talks
Brent crude oil registered its fourth consecutive daily decline, marking its longest slump in three months. Analysts pointed to ongoing diplomatic efforts aimed at reducing tensions between the United States and Iran and facilitating Middle East crude shipments. The fall in oil prices played a role in moderating inflation fears, a factor that has influenced the Federal Reserve’s cautious monetary policy stance this year.
US President Donald Trump indicated in an interview with Fox News that he would “probably” consider meeting Iranian President Masoud Pezeshkian during the upcoming United Nations General Assembly.
Diplomatic initiatives to lower Middle East tensions and ensure steady oil supplies have contributed to the extended decline in Brent oil prices and helped ease inflation concerns in financial markets.
Investors were also adjusting positions ahead of a scheduled summit between President Trump and Chinese President Xi Jinping later in the week.
