Bitcoin’s price rose to a one-month high on Monday, extending gains from the prior week as traders cheered an interest rate cut by the Federal Reserve, with a slew of more cues due this week. 

Oil prices rose in Asian trade on Monday as increased tensions in the Middle East saw traders attach a bigger risk premium, while the prospect of lower interest rates pushed up hopes that demand will improve. 

Most Asian currencies moved in a tight range on Monday, while the dollar steadied from recent losses as traders awaited a slew of more cues on the Federal Reserve and U.S. inflation. 

Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest rate cut last week will support demand.

An X user boldly declared Bitcoin is going up forever along with a hyperbolic chart, hinting at forecasting Bitcoin's exponential growth.

Wells Fargo analysts suggested in a note Friday that the momentum behind the S&P 500 rally may continue, driven by a favorable rate environment and anchored inflation expectations.