Bitcoin Tests $40K on Reports of Putin Claiming Progress Made in Talks With Ukraine

Bitcoin’s price surged by over $1,000 and is currently challenging the important psychological level of $40K. It happens on reports that Putin has claimed progress made in talks with Ukraine.

Bitcoin’s price is currently testing the major psychological level of $40,000, after surging over 2.2% in the past hour.
The increased volatility also had an impact on liquidations as over $24 million in leveraged positions were wiped off the market in the past hour alone.
The largest single liquidation order took place on Bybit, and it’s worth almost $6 million – a BTC perp.
Source: TradingView

 

The move comes on the back of reports that Russian President Vladimir Putin said progress has been made in the talks between the Kremlin and Ukraine.
Citing Russia’s Interfax news agency, CNBC quoted Putin saying:

There are certain positive develompents as the negotiators from our side reported to me.

However, it’s also worth noting that Russian troops have been supposedly regrouping near Kyiv, and some predict a potential push to bear down on the capital.
Commenting on the conflicting signals, Adam Cochran – well-known crypto commentator and analyst – said:

Markets are so thin and so desperate for relief that we’re moving on vague positive news in the Russia-Ukraine conflict while both sides also release worsening statements and escalating action.

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