Bitcoin Lifted by Hopes For Easing Geopolitical TensionsMarket Talk

Bitcoin rises, supported by improved risk appetite on hopes for easing geopolitical tensions, Zaye Capital Markets analyst Naeem Aslam says in a note. "President Trump's disappointment with Russia and mention of potential deals with Ukraine hint at a de-escalation of certain conflicts, slightly easing geopolitical risk premiums." At the same time, news that SoftBank, Tether and Cantor Fitzgerald are teaming up to launch a bitcoin acquisition vehicle could boost bitcoin demand, he says. However, if peace talks stall or inflation fears from upcoming data flare up again this week, bitcoin could retrace sharply, he says. Bitcoin rises 0.5% to $94,763, according to LSEG. ([email protected])