Headline: Bitcoin tops $90,000 as geopolitical flare-ups lift oil and boost crypto markets
Bitcoin surged above $90,000 on Monday, with the largest cryptocurrency jumping more than 2% and lifting sentiment across the digital-asset complex. According to CoinDesk, BTC’s move helped spark gains in major altcoins: ether was near $2,955.99, XRP around $1.9003 and solana about $127.81 — each up roughly 3% or more.
The rally came amid renewed geopolitical tension that also sent energy prices higher. West Texas Intermediate (WTI) crude rose about 1% to $57.24 a barrel, while Brent climbed 0.8% to $60.81. Markets reacted after weekend strikes on critical energy infrastructure: Russian forces attacked Naftogaz’s Kherson combined heat-and-power plant — a key heating source for tens of thousands — and Ukraine struck the Syzran oil refinery in Russia’s Samara region, reportedly damaging the refinery’s primary processing unit. Those actions have undercut hopes for a swift Russia–Ukraine peace settlement.
The diplomatic picture remains mixed. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky have signaled progress on a reported 20-point peace plan, but the recent attacks have dented optimism. The conflict, now approaching its fourth year, continues to contribute to global inflationary pressures — a factor that markets are closely watching.
Equities were cautious in Asia, where year-end holidays left trading volumes thin; South Korea’s KOSPI bucked the trend, climbing about 1.7% on strength in chipmakers. For crypto traders, the interplay between geopolitics, energy prices and macro inflation risks is likely to keep volatility high through the holidays, with investors monitoring headlines for directional cues.
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