- Ukraine agrees to a US-led peace deal that could end the war.
- The end of the war could mean lifting financial sanctions on Russia.
- A possible revival of Russian and European crypto markets is also on the cards.
End of Violence
After almost three and a half years of brutal war, the Ukrainian Government has agreed to a US-led Peace Deal by Donald Trump that could force Ukraine to give up all the territories in Russian control. The war is expected to end the recession in Europe after numerous failed attempts at mediation by several countries.
The deal is being negotiated in the UAE, with the next phase of meetings set to start soon in Abu Dhabi.
End of Recession for Germany, France, and the Rest of the EU?
The peace deal could also mark the end of the European Union’s recession. Several EU countries, including France, Germany, and Poland, have been contributing significantly to Ukraine’s defence.
As these countries slid into recession, it became difficult for their citizens to have a disposable income to invest in cryptocurrencies. The end of the war could also mean growth in the European Cryptocurrency Markets.
What’s in Store for Crypto Markets?
Before anything, the end of the war is a welcome move that saves millions of innocent lives.
Crypto markets could witness a surge in investments as the global tariff war and the EU-led sanctions on Russia are expected to end. The sanctions have locked Russia out of the global financial system, especially since it is one of the largest commodity exporters (oil, gas, and minerals). Russia is also one of the top 5 countries with the highest Bitcoin Hashing Power.
The end of the war could also lift the stringent sanctions on crypto markets imposed by Russia to prevent the collapse of the Russian Ruble currency. Previously, Russia had permitted only a select few companies and agencies to mine Bitcoin in the country, banning all other cryptocurrencies for general usage.
Disclaimer: Crypto markets are volatile in nature. All articles on A2Z Cryptocurrencies are informational and are not financial advice. Please consult your financial adviser before investing.
