Bitcoin's price has shown an uptick following positive talks between Donald Trump and Vladimir Putin, sparking rumors of a potential end to the Russia-Ukraine conflict.
Impact of Talks on the Market
Following announcements of a positive outcome from the Trump-Putin meeting, Bitcoin's price began a recovery. Leaders agreed to mutual visits and discussed the use of financial aid to Ukraine, raising hopes for peaceful conflict resolution.
Analysts' Perspectives
Cryptocurrency analyst il Capo describes the current rise in Bitcoin as a 'bull trap.' He notes that similar false upward movements have been observed in recent days.
Market Background Factors
Today's inflation data has been more negative than expected, leading to sudden declines in many risk assets, including Bitcoin. However, the subsequent recovery is driven by positive expectations from political talks.
While the current situation inspires optimism for Bitcoin's future, some analysts caution investors against hasty decisions, advising to monitor ongoing economic and political developments.
