Bitcoin rose above $90,000 on Monday amid fresh doubts over a Russia-Ukraine peace agreement, sending oil prices higher and boosting risk appetite in financial markets. The cryptocurrency’s gain of over 2% provided reassurance to investors, while other major digital assets also advanced. Ether and Solana climbed more than 3%, reflecting broader optimism in the crypto market.
Energy Markets React To Russia-Ukraine Attacks
This pattern was reflected in the traditional energy markets with West Texas Intermediate (WTI) crude gaining 1% to reach $57.24 per barrel and Brent crude gaining 0.8% to reach $60.81 per barrel. Analysts explain the gains by new geopolitical tensions, after both Russia and Ukraine attacked critical energy infrastructure, reducing the prospects of a quick peace settlement.
On Sunday, Russia attacked the Kherson Combined Heat and Power Plant, which is controlled by the Naftogaz of Ukraine, and left it largely damaged, a site that serves tens of thousands of citizens with heating. Ukraine in turn responded by attacking the Russian oil refinery at Syzran in Samara, destroying its main oil processing facility. Such attacks highlight the strategic value of energy resources in the crisis and complicate the work of diplomats.
In spite of these failures, United States President Donald Trump and Ukrainian President Volodymyr Zelensky had recently reported progress on a 20-point peace plan. However, analysts note that the recent attacks may come to halt the talks and increase the duration of conflict, which is already in the fourth year. The current war conflict has already led to inflation in the world market, shaken the energy markets, and contributed to volatility in the traditional and digital markets.
Asian Markets Trade Cautiously Amid Holidays
Asian markets were cautious traded on Monday, and the trading volumes were low due to year-end holidays. The KOSPI index of South Korea was a very good exception with 1.7% positive gains on the index pushed by semiconductor and technology stocks. Other regional markets were still cautious and this is the reason why they showed such caution among investors because of the geopolitical uncertainty.
Market observers also point out that the upswing in Bitcoin could also be a hedge against geopolitical risk, as market participants seek to flee to the crypto-coin against possible shocks in conventional financial and commodity markets. Oil and cryptocurrency flows this week underline the degree of interdependence between energy security situation in the world and financial markets in the context of the war between Russia and Ukraine.
This article was originally published as Bitcoin Surges Above $90K Amid Russia-Ukraine Tensions on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC up 0.49% in 15 minutes: Short squeeze and U.S. economic data jointly drive the market
From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation.
The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period
GateNews4m ago
Bitcoin’s implied volatility drops to an intra-year low, and the market is reacting mildly to Friday’s CPI data
April 9, U.S. March CPI data will be released on April 11. The market expects the year-over-year rate to rise from 2.4% to 3.4%. The Bitcoin market has responded calmly, with the options market’s volatility range only at 2.5%. Attention has been drawn by the rise in gasoline prices. Analysts believe that CPI data coming in either too soft or too hot will have different impacts on the crypto market.
GateNews20m ago
Hyperliquid’s combined trading volume of its two perpetual contracts for the first time surpassed BTC, reaching $2.45 billion.
Gate News message; on April 9, according to official Hyperliquid data, the combined trading volume of WTI crude oil (U.S. West Texas Intermediate crude oil) and Brent crude oil (Brent crude oil) perpetual contracts surpassed Bitcoin for the first time. The data shows that Bitcoin’s trading volume was $2.29 billion, WTI crude oil’s trading volume was $1.68 billion, and Brent crude oil’s trading volume was $770 million; the combined volume of the two oils reached $2.45 billion.
GateNews50m ago
The Bhutan government transferred 319.7 BTC three hours ago; its current holdings are down 70% from the peak.
The Royal Government of Bhutan has recently transferred approximately 319.7 BTC, valued at $22.68 million, and currently holds 3,954 BTC. Since this year began, the government has moved out $215.7 million worth of Bitcoin, and its holdings are down by about 70% from their peak. Bitcoin assets are managed by the national sovereign wealth fund.
GateNews1h ago
