Bitcoin Surges Above $90K as Ukraine-Russia Tensions Rise…

BTC jumps above $90,100 as Russia‑Ukraine peace hopes fade, boosting major altcoins and oil prices

  • BTC climbed above $90,100 after markets reacted to weaker hopes for a RussiaUkraine peace deal.
  • Major altcoins including Ether, XRP and SOL rose about 3% or more, according to CoinDesk.
  • Oil prices increased, with WTI and Brent crude rising on the news.
  • Attacks on energy infrastructure in Ukraine and Russia reduced optimism about a settlement despite progress on a 20-point peace plan.

On Monday, digital asset prices rose as hopes for a Russia‑Ukraine peace deal weakened and oil gained. The leading cryptocurrency, BTC, jumped over 2% to trade above $90,100, lifting broader crypto market sentiment.

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Other major tokens also advanced. Ether traded near $3,035, XRP around $1.91, and SOL near $128, each gaining roughly 3% or more, according to CoinDesk. Cryptocurrency: a digital asset secured by cryptography used for transactions and record‑keeping.

Energy markets moved higher on the same news. WTI crude rose about 1% to $57.2 per barrel while Brent crude increased about 0.8% to $60.8 per barrel. WTI crude: a U.S. benchmark for oil prices. Brent crude: a major global benchmark for oil prices.

Asian stock trading was cautious with thin year‑end volumes. The South Korean KOSPI index stood out, rising about 1.7% on gains in chipmaker shares.

Recent strikes on energy facilities reduced hopes for a quick peace deal. On Sunday, Russia attacked Naftogaz’s Kherson Combined Heat and Power Plant, causing significant infrastructure damage to a heating source used by tens of thousands. Ukraine struck the Syzran oil refinery in the Samara region, damaging the refinery’s only primary oil processing unit.

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These actions dampened prospects for an agreement even as Donald Trump and Zelensky indicated progress on a 20-point peace plan. The Russia‑Ukraine war has lasted nearly four years and has contributed to higher global inflation.

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