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Crypto Market Gains Confidence from Political and Economic Changes

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by Giorgi Kostiuk

6 hours ago

The crypto market is finally seeing relief after a rough start to the week due to key political and economic changes.

What Happened in Crypto Today?

One of the biggest factors boosting the market was Ukraine's agreement to a temporary 30-day ceasefire after talks with U.S. officials, reducing global uncertainty and calming investors.

Ukraine ready to accept US proposal for 30-day truce.Bloomberg

Why Was the Crypto Market Under Pressure?

The crypto market was under intense pressure earlier in the week with nearly $1 billion in liquidations, causing Bitcoin and Ethereum to drop to monthly lows.

Will the Market Stay Strong?

The market's recovery has been driven by political stability and easing economic tensions, but investors remain cautious.

The continuation of the market's recovery will depend on the development of global economic conditions going forward.

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