Market Wrap: Cryptos and Stocks Rise on Possibility of Russia-Ukraine Talks

Market Wrap: Cryptos and Stocks Rise on Possibility of Russia-Ukraine Talks

Bitcoin (BTC) and other cryptocurrencies rose on Friday after Russia agreed to negotiate with Ukrainian officials.

"Vladimir Putin is ready to send to Minsk a Russian delegation," Kremlin spokesman Dmitry Peskov told reporters on Friday. Still, the situation was unstable, especially after Russian forces intensified attacks on Ukraine’s capital in recent days. The Russian president later made comments suggesting that he was not serious about participating in talks.

Meanwhile, global markets were in a state of flux as investors tried to make sense of geopolitical moves. The S&P 500 stock index rose over 2%, while Russia's ruble ticked higher, albeit near its weakest level on record.