Bitcoin News: Bitcoin Breaks Above $90,000 as Oil Prices Rise on Fading Russia-Ukraine Peace Hopes
Bitcoin climbed above $90,000 on Monday as renewed geopolitical tensions between Russia and Ukraine lifted oil prices and revived inflation hedging across global markets.The move came after fresh attacks on key energy infrastructure reduced optimism around a near-term peace agreement, triggering a rebound in commodities and risk assets.Bitcoin and Major Altcoins Rally as Macro Tensions Re-EmergeBitcoin rose more than 2%, briefly trading above $90,000, while major cryptocurrencies posted broad gains.Ethereum, XRP, and Solana each advanced 3% or more, according to CoinDesk data.The rally followed a renewed rise in oil prices, reinforcing Bitcoin’s role as a macro-sensitive asset that often benefits when inflation risks resurface.Oil Prices Jump After Attacks on Energy InfrastructureIn traditional markets, crude oil prices moved higher as geopolitical risks intensified:WTI crude rose 1% to $57.24 per barrelBrent crude gained 0.8% to $60.81 per barrelThe gains followed confirmation that Russia and Ukraine had launched strikes on critical energy facilities over the weekend.On Sunday, Russian forces attacked Naftogaz’s Kherson Combined Heat and Power Plant, a major heating source for tens of thousands of residents. Meanwhile, Ukraine struck the Syzran oil refinery in Russia’s Samara region, damaging its only primary oil processing unit.These developments raised doubts about the durability of ongoing diplomatic efforts.Peace Deal Optimism Fades Despite Diplomatic SignalsThe renewed hostilities dented confidence in a near-term Russia-Ukraine peace agreement, even as Donald Trump and Ukrainian President Volodymyr Zelensky signaled progress on a proposed 20-point peace framework.The conflict, now nearing its fourth year, has played a persistent role in global inflation by disrupting energy supplies and trade routes—one reason markets reacted quickly to the latest escalation.Global Markets Mixed as Liquidity ThinsAsian equity markets traded cautiously amid year-end holidays and thin liquidity. South Korea’s KOSPI index stood out, rising 1.7%, driven by gains in semiconductor stocks.Bitcoin’s strength contrasted with muted equity moves, underscoring how crypto markets can respond faster to geopolitical and commodity-driven macro shifts.Why Bitcoin Is Moving With Oil AgainThe latest price action highlights a recurring pattern:when energy prices rise due to geopolitical risk, markets tend to reprice inflation expectations—often benefiting scarce, non-sovereign assets like Bitcoin.With central banks expected to remain cautious on rate cuts and geopolitical uncertainty elevated, traders appear increasingly willing to re-engage with crypto as a macro hedge rather than a purely speculative trade.Bitcoin’s move above $90,000 reflects more than short-term momentum. Rising oil prices, renewed geopolitical stress, and inflation sensitivity are once again aligning in crypto’s favor.As long as Russia-Ukraine tensions remain unresolved and energy markets stay volatile, Bitcoin and major digital assets may continue to attract flows tied to macro uncertainty rather than pure risk-on speculation.