Bitcoin rises more than 5% above $85,000 as oil prices ease

  • Technology stocks advanced as falling oil prices and bond yields eased inflation concerns.
  • Bitcoin rose more than 5% above $85,000 while ether gained about 5%.
  • Brent crude fell to $100 and the 10-year Treasury yield declined to 4.95%.

Technology stocks rose on Monday as falling oil prices and lower long-term bond yields reduced immediate inflation concerns. Brent crude futures fell to $100 per barrel, while the 10-year Treasury yield declined to 4.95% after exceeding 5% last week. The technology sector rallied, led by Intel and AMD, with Meta gaining more than 5% and Tesla also advancing. Bitcoin climbed more than 5% to above $85,000, and ether, the native cryptocurrency of the Ethereum network, gained about 5% as investors renewed their interest in digital assets. Yahoo Finance readers were also watching Strategy, Coinbase and Critical Mines.

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