Bitcoin rallies near $79,000 but faces risks from oil price shifts and weak momentum.

Bitcoin's price has risen to around $79,000, recovering from last month's lows but still below its early 2026 peak near $88,000. The recent rally is fragile and largely driven by falling oil prices, which if reversed, could put downward pressure on Bitcoin again. Gold's momentum is fading after gains in 2025, and the US dollar is losing its safe-haven appeal amid global moves to diversify away from dollar assets. Meanwhile, the US stock market's AI-driven rally shows signs of overcrowding, raising concerns of a potential sell-off.