Only Russian ruble investors hedged in BTC have something to celebrate with Bitcoin so far this week.
Overnight progress maintained support with the pair trading at around $38,500 at the time of writing.
Crypto and stocks reacted badly to the lack of consensus that ended the third round of negotiations to end hostilities between Russia and Ukraine. “There are small positive subductions in improving the logistics of humanitarian corridors... Intensive consultations have continued on the basic political block of the regulations, along with a ceasefire and security guarantees,” negotiator Mykhailo Podolyak nonethelessThe news was not enough to provide any form of hope, however. United States stocks trended down throughout the session with the S&P 500 ending Monday with 2.95% losses.
Commodities, meanwhile, saw spikes which were often unprecedented such as nickel jumping past $100,000 per ton on the London Metal Exchange.