Live updates: Brent crude hits $100 for first time since July as bitcoin trades around $79,000
Brent crude rose to $100 a barrel for the first time since July, while bitcoin was trading near $79,000. At the same time, the Japanese yen continued to strengthen versus the U.S. dollar, briefly moving past 153 per dollar.
Why It Matters
Brent reaching the $100 threshold is a notable milestone for oil markets and may be watched closely by traders and policymakers. Concurrent strength in bitcoin and the yen highlights simultaneous moves across commodities, cryptocurrencies and foreign exchange markets.
Key Facts
- Brent crude: Reached $100 per barrel for the first time since July
- Bitcoin: Trading around $79,000
- Japanese yen: Extended its rally and briefly strengthened past 153 per U.S. dollar
Brent crude climbed to $100 a barrel, marking the first time the benchmark has reached that level since July. The price move represents a return to triple-digit territory for Brent, reversing the slump that had kept it below that threshold for several months.
Cryptocurrency markets were also active, with bitcoin trading in the vicinity of $79,000. The digital asset's level positions it among the higher price points seen in recent trading sessions.
In foreign exchange markets, the Japanese yen extended its recent rally against the U.S. dollar and briefly strengthened beyond 153 yen per dollar. The move was short-lived but continued a pattern of yen appreciation relative to the dollar.
Taken together, these moves show contemporaneous shifts across oil, cryptocurrencies and major currencies, with Brent, bitcoin and the yen all registering notable levels in current trading.
Keep Reading
The ECB is virtually certain to hike rates Thursday. Here is why Wall Street is bracing for what comes next.
Rising Oil Prices Threaten China’s Independent Refiners
Brent crude passes $100 threshold as war in Iran intensifies
Brent Breaks $100 for the First Time in Nearly Two Months
Original source: CoinDesk