Real-time update: Oil price decline boosted risky assets, with Bitcoin breaking the $82,000 mark

According to CoinDesk, Bitcoin traded above $82,000 on Monday with a 24-hour gain of nearly 2%, continuing an uptrend that began late last week. This rally is closely related to the strengthening of U.S. stock futures and overall risk preferences driven by falling oil prices.

Monero outperformed, most major currencies matched

Of the larger token , Monero ( XMR ) performed best, rising 13 percent to near $588, but in the last hour returned about 4 percent higher. The Dogecoin ( DOGE ) rose 5 percent and the XRP ( XRP ) jumped 4 percent, reporting an increase of 1.45 dollars.

Risk assets strengthened across the board, with bond markets in sync

The crypto market is not alone. S&P 500 futures are up more than 0.5%, Nasdaq 100 contracts are up nearly 1%, and tech stocks lead the markets in several regions.

Oil price collapse is a key driver

Brent crude fell for the fourth consecutive trading day, setting a three-month record. Traders are concerned about diplomatic progress in easing tensions between Washington and Tehran as well as prospects of resuming oil shipments to the Middle East. President Trump said during an interview with Fox News that he might be willing to meet Iranian President Peskov at this week's United Nations General Assembly.

Lower energy prices have eased inflationary pressures that had previously kept the Federal Reserve on a tough footing. Additionally, traders are prepping for a possible meeting of US and Chinese leaders later this week with market sentiment generally skewed toward optimism.