Bitcoin reclaimed the $90,000 area Monday as a fresh bout of geopolitical uncertainty pushed oil higher and lifted risk appetite across crypto markets.
The largest cryptocurrency climbed more than 2%, briefly trading above $90,000 and sending a wave of relief through the sector. Major altcoins also advanced: ether (ETH) changed hands near $3,016, while XRP and Solana jumped roughly 3% or more, according to CoinDesk data.
Energy markets were firmer on the same headlines. West Texas Intermediate crude rose about 1% to $57.24 a barrel, while Brent added 0.8% to $60.81 — moves investors linked to renewed concerns over supply amid the Russia-Ukraine conflict. Asian equity trading was muted by year-end holidays and thin liquidity, though South Korea’s KOSPI stood out with a 1.7% gain driven by chipmaker stocks.
The escalation followed overnight attacks on critical infrastructure: Russian strikes damaged Naftogaz’s Kherson combined heat-and-power plant — an important heat source for tens of thousands of residents — and Ukraine struck the Syzran oil refinery in Russia’s Samara region, damaging the refinery’s only primary processing unit. Those actions undercut hopes for a swift Russia-Ukraine peace deal, even as U.S. President Donald Trump and Ukraine’s Volodymyr Zelensky signaled progress on a reported 20-point plan.
With the war entering its fourth year and continuing to feed global inflationary pressures, traders will be watching energy and geopolitical headlines closely — particularly in a holiday-thinned market where crypto and traditional assets can swing quickly on news.
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