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.
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.
Bitcoin’s bearish momentum hit hardest on the technical charts, with the cryptocurrency breaking below all…
Bitcoin Magazine White House Says Strategic Bitcoin Reserve Announcement Is Imminent: ‘A Breakthrough’ The White…
Bitcoin Magazine Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135…
Strategy made a mammoth $2 billion bitcoin purchase last week, but it's not lifting crypto…
The bank said accelerating advances in quantum computing are compressing the timeline for risks to…
Bittensor (TAO), down 9.6% over the weekend, joined Bitcoin Cash (BCH) as an underperformer.Read MoreCoinDesk:…