Promising talks on ending the Russian-Ukrainian war provoke bitcoin growth

The cryptocurrency market, including Bitcoin BTC $96,684.23 Bitcoin -1.72% Market capitalization $1.92 trillion VOL. 24 hours $2.12 billion , showed growth after US President Donald Trump announced that he was in talks with Russian dictator Vladimir Putin and Ukrainian President Volodymyr Zelenskyy about a possible end to the war between the terrorist state of the Russian Federation and Ukraine. This was a bit of a recovery from the market leader’s earlier drop, which was triggered by higher-than-expected US inflation data.

According to the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) rose by 0.5% in January, exceeding the forecast of 0.3%. Annual inflation reached 3.3%, although analysts expected 3.1%. This has reduced the likelihood of a rapid interest rate cut in 2025, which traditionally has a negative impact on Bitcoin and other risky assets.

Nevertheless, Trump’s initiatives to support the crypto industry may strengthen investor confidence and contribute to further market growth. In his first month in office, the president signed several decrees aimed at creating a favorable regulatory environment for digital assets.

Following the news of possible peace talks, Bitcoin rose above $ 97,000, approaching the psychological mark of $ 100,000. Stock indices, including the S&P 500, also rose along with the crypto market.

Altcoins also showed positive dynamics: BNB added 9%, Dogecoin — 5%, and Cardano — 3%. The AI-related token sector also showed growth: Near Protocol (NEAR) rose by 6% and Internet Computer (ICP) by 5%.