Bitcoin Rose on Monday dashed hopes of a Russia-Ukraine peace deal as oil prices were pushed higher.
BTC, the leading cryptocurrency by market value, jumped more than 2 percent to trade over 90,000, bringing joy to the broader market. Major alternative cryptocurrencies such as Ether for , for , for , . And Solana Gained 3% or more, according to data source Quindisk.
In conventional markets, West Texas Intermediate (WTI) crude prices rose 1% to $57.24 a barrel. Brent crude rose 0.80 percent to $60.81 a barrel. Asian stocks traded tentatively as year-end holidays kept volume and market liquidity thin. South Korea’s Kospi index was an exception, rising 1.7 percent amid gains in chipmaker stocks.
On Sunday, Russia attacked Naftogaz’s Kherson combined heat and power plant, causing significant damage to the infrastructure, which is an important source of heating for tens of thousands of residents. Meanwhile, Ukraine attacked the Cesaran oil refinery in Russia’s Samara region, damaging only the primary oil processing unit at the refinery.
The moves dashed hopes of a Russia-Ukraine peace deal, even as U.S. President Donald Trump and his Ukrainian counterpart, Zelensky, signaled progress. 20 points Peace plan. The Russia-Ukraine war has been going on for nearly four years, fueling inflation in the global economy.