Crypto Market To Surge After Trump-Putin Ukraine Peace Talk

Crypto Market Soars on Trump-Putin Peace Talks

The recent meeting between US President Donald Trump and Russian President Vladimir Putin has sparked optimism within the crypto market. With speculations of a potential peace deal to end the Russian-Ukrainian war, experts and analysts are closely watching for its potential impact on the global economy.

Trump-Putin Talk Ends, Ukrainian War Settlement Ahead?

According to recent reports, the meeting between Donald Trump and Vladimir Putin has successfully ended, sparking speculations of a potential harmony between Russia and Ukraine. Following the global leaders’ three-hour gathering in Anchorage, Alaska, all eyes are on Trump’s meeting today with Ukrainian President Volodymyr Zelenskyy.

In an X post earlier today, The Kobeissi Letter revealed that the truce talks between the US-Russian presidents ended with a decision to “go directly to a Peace Agreement."

After the meeting, Trump posited that Ukraine should agree to a treaty, adding, “Russia is a very big power, and they're not.” Trump and Putin agreed that a direct peace settlement, rather than a ceasefire, is the best way to end the war in Ukraine. Trump wrote on a Truth Social post,

It was determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up.

Notably, Zelenskyy hinted at his nation's readiness for constructive cooperation to end the battle. He stated, “Ukraine reaffirms its readiness to work with maximum effort to achieve peace.”

Interestingly, Ukraine has been utilizing its vast NFT and cryptocurrency collection to support its defense efforts against Russia. The country called for NFT donations, following which they received overwhelming support from around the world, with numerous NFT projects and collections being created to aid in the war effort and provide humanitarian assistance.

Crypto Market to Rebound

As of press time, the crypto market is experiencing a downward trend, following a recent resurgence. Currently, the global crypto market cap is marked at $3.96 trillion, down by 1.79%. Top cryptocurrencies like Bitcoin, Ethereum, XRP, BNB, and Solana are showing diverse trends. While Ethereum has seen a notable increase of about 5% over the past seven days, other cryptocurrencies exhibit a negative track. Over the past 24 hours, all five top cryptocurrencies have fallen significantly despite a positive community sentiment.

However, anticipation of a potential peace deal between the two countries has invoked optimism within the digital asset community. As per analysts and experts, the crypto market is poised for a rebound, breaking high from the current negative trend.

Historically, August is a favourable month for the crypto market, especially altcoins. As CoinGabbar recently reported, Ethereum is poised to lead the potential altcoin rally this month.