Trump’s Intermediary Talks Between Putin & Zelenskyy Pushed Crypto Prices Higher

BTC and the general crypto landscape saw some slight improvement on Wednesday. The market showed some positive traction as the clouds of a trade war gradually subsided. In addition to that, Trump played a mediatory role between Russian President Vladimir Putin and Ukraine’s President Volodymyr Zelenskyy.  

This was a major political milestone as tensions between Ukraine and Russia have been going on for a while, and there needed to be some truce. As soon as the talks concluded, the market reflected some positive effects. The prices recovered 3.3%, more than the earlier prediction of 3.1%. These are positive signs and might foretell a bullish arc that might be around the corner.  

Rising CPI 

Soon after the talks, the US Bureau of Labor Statistics released an official statement stating that the CPI, or Consumer Price Index, recovered by 0.5%. This was also higher than the expected forecast of 0.3% and 0.4%. This shows that the market is slowly trying to recover from the sharp slump it had fallen into.  

Higher than expected inflation percentage set by the US government sent the world on a whirlpool of uncertainty and fear. As a result, many people liquidated their digital asset in anttempt top cut and run. As a result, last week the crypto-industry saw mass-scale liquidation, where sources suggest that valuation was well around $10 Billion. 

Howevevr, President Trump has promised that things will be different this time around for crypto enthusiasts since The new administration is looking to bring major changes to the sector. This will help make America one of the foremost names in blockchain innovation and industry. Now, with the intermediary talks and truce between Ukraine and Russia on the horizon, the market might flourish again. Follow for more crypto news.