How Will the Crypto Market React if Russia and Ukraine Sign a Peace Deal to End War? – Crypto News – Crypto News
Connect with us

Technology

How Will the Crypto Market React if Russia and Ukraine Sign a Peace Deal to End War? – Crypto News

Published

10 months ago

on

How Will the Crypto Market React if Russia and Ukraine Sign a Peace Deal to End War?

After weeks-long bearish trend, the crypto market is showing good signs of recovery, especially as the Bitcoin price regained support above $90k. Although the prime days are yet pending, the macroeconomic events like the Trump tariff pause and the potential Russia-Ukraine peace deal could bring positive results. Let’s discuss.

Crypto Market Trends Recover amid Russia-Ukraine War End Anticipation

Donald Trump’s election win acted as the biggest bullish trend for the crypto market. Bitcoin and altcoin grew multipfolds, reaching new highs. However, the inauguration and past events like Trump’s tariff introduction brought bears’ dominance, crashing the digital assets.

Only now have the trends begun to return, resulting in crypto price rallies. The US-China trade war pause and Trump’s push for the Ukraine-Russia peace deal are influencing the recovery.

As a result, the Bitcoin price surged to $94.3k, making it the 5th biggest asset in the world, and the total market cap reached $2.97T. Moreover, the cryptocurrency market sentiment recovered to neutral from fear, but there’s more to go.

crypto market

This could be just the start of the massive bull run, which is due amid these macroeconomic events. However, Trump claims that Ukraine and Russia are “very close to a deal,” per BBC reports.

Donald Trump Meets Ukrainian Prime Minister

During his campaign era, Donald Trump claimed that he could end the Ukraine-Russia war quickly, but later called it a joke. Notably, the plan seems to be in action as Steve Witkoff recently met Putin in Moscow and discussed Washington’s peace plan. Trump revealed that the major points are agreed upon, but the details are still missing.

Now, before the Pope Francis funeral in Rome on Saturday, Trump met Zleneskyy privately at St. Peter’s Basilica for 15 minutes. Both sides have revealed the meeting to be ‘very productive.’ Interestingly, this was their first meeting since February’s white house tension.

Russia Ukraine peace deal

This confirms that the Ukraine-Russia peace deal is in process, but the Trump administration also hints that they could walk away if talks fail soon.

Crypto Market Reaction Would Be Bullish If the Russia-Ukraine War Ends

The cryptocurrency market crashed with the Russia-Ukraine war, which started in the 2000s, but escalated in 2021. BTC price crashed below $35k from $43k, and the rest of the altcoins tumbled severely, driving the investor’s fearful sentiments. An opposite reaction could come with the Russia-Ukraine peace deal.

Experts claim that the peace agreement would boost investor confidence, pushing the Bitcoin price to $120k and higher. The war’s end would bring a serious bullish crypto market trend, especially as the SEC seems to favor crypto regulation, adoption is rising, and much more. However, such Bitcoin price predictions are just anticipated; the results may vary.

Crypto market reaction

The post How Will the Crypto Market React if Russia and Ukraine Sign a Peace Deal to End War? appeared first on CoinGape.

Related Topics:
Continue Reading

Trending