Bitcoin Climbs Above $84,000 as US Tokenised Stock Decision Supports Crypto Markets

Bitcoin rose above $84,000 on Monday, extending its recovery as a US regulatory decision concerning tokenised equities supported sentiment across cryptocurrency markets. Lower oil prices and developments in US-China trade discussions also contributed to a more positive backdrop for risk assets.

The world's largest cryptocurrency was up 4.9% at $84,371.90 by 05:30 ET (09:30 GMT), bringing its gains over the previous week to approximately 5%.

Bitcoin had fallen below $76,000 following the Federal Reserve's interest rate increase the previous week before recovering over the weekend.

SEC Decision Encourages Interest in Tokenised Equities

The US Securities and Exchange Commission (SEC) granted a temporary five-year exemption on Thursday, allowing qualifying trading venues to facilitate transactions in tokenised US equities through blockchain-based platforms, subject to specified conditions.

The regulator said the measure was intended to encourage innovation while maintaining investor protections.

The decision raised expectations that conventional financial assets could become more closely integrated with blockchain infrastructure, supporting cryptocurrency-related stocks and several major digital assets.