Categories: Bitcoin Latest News

Bitcoin Jumps to $40K as Putin Sees Positive Shift in Ukraine Talks

Europe equity benchmarks and the U.S. index futures extended gains while crypto majors jumped as much as 7.6%.Read MoreFeedzy

Bitcoin regained the $40,000 level in the past hour after reports of positive developments in talks between Russia and Ukraine amid the ongoing war.

Russian President Vladimir Putin said there was “positive movement” in negotiations, which were happening on a “daily basis.” Russia faces sanctions from western countries among others as leaders worldwide condemned the invasion of Ukraine.

Putin’s comments buoyed global markets. S&P 500 futures added 1.31% and futures on the tech-heavy Nasdaq 100 added 1.65%. Sentiment in Europe was stronger, with Germany’s DAX jumping 3.41% and Stoxx Europe 600 gaining 2.09%.

Crypto markets were mixed. Bitcoin jumped from $38,600 in European morning hours to slightly over $40,200 as Putin’s comments went public. Ether added 2.4% in the past hour alongside XRP and Solana’s SOL, while Polkadot’s DOT led gains with an 8% rally in the past 24 hours.

Bitcoin jumped to as much as $40,200 before a selloff. (TradingView)

Ukraine’s worsening situation has rippled across global markets. India saw an exodus of foreign capital to the tune of billions of dollars this week while Brent crude touched $140 a barrel. Demand for nickel – alongside a short squeeze – pushed prices of the metal to a record $101,000, while gold touched $2,070 on Tuesday, a level previously seen in August 2020.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Recent Posts

Tether in Talks to Support Cantor Fitzgerald’s Planned Bitcoin Lending Program: WSJ

Howard Lutnick, chairman of Wall Street trading firm Cantor Fitzgerald, is in discussions with Tether's…

28 minutes ago

MicroStrategy Is a Bitcoin Magnet Pulling in the Earth’s Capital Reserves: Bernstein

MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract…

28 minutes ago

Bitcoin Options Worth $9B Expire Friday, Traders May be Thankful for the Post-Thanksgiving Volatility

The crypto market should see a pick up in volatility at the end of this…

29 minutes ago

Michael Saylor’s MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B

Bitcoin Development Company MicroStrategy (MSTR) added 55,500 of the largest cryptocurrency for $5.4 billion, bringing…

29 minutes ago

First Mover Americas: Bitcoin Regains $98K After Weekend Slump

Starting next Monday, First Mover Americas will become Crypto Daybook Americas, your new morning briefing…

29 minutes ago

Bitcoin Buying Plans Are Supercharging Stocks. Is This a Michael Saylor Redux — or Another ‘Long Island Iced Tea’ Fad?

What does the ragtag group including a fitness equipment maker, biopharmaceutical company and producer of…

29 minutes ago