Bitcoin tops $90,000, Oil rises as Russia-Ukraine peace hopes falter

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin tops $90,000, Oil rises as Russia-Ukraine peace hopes falter Russia and Ukraine conducted attacks on key energy infrastructure, affecting peace deal prospects despite ongoing diplomatic efforts. By Omkar Godbole Dec 29, 2025, 4:34 a.m. BTC's price tops $90,000. (CoinDesk) What to know : Bitcoin rose over 2% on Monday, trading above $90,000, as hopes for a Russia-Ukraine peace deal diminished. Major cryptocurrencies like ether, XRP, and solana also saw gains of 3% or more. Russia and Ukraine conducted attacks on key energy infrastructure, affecting peace deal prospects despite ongoing diplomatic efforts. Bitcoin BTC $ 90,028.19 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher. BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major alternative cryptocurrencies such as ether ETH $ 3,040.81 , XRP $ 1.9124 and solana SOL $ 128.64 gained 3% or more, according to data source CoinDesk. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . In traditional markets, prices for the West Texas Intermediate (WTI) crude increased by 1% to $57.24 per barrel. Brent crude rose 0.80% to $60.81 per barrel. Asian stocks traded tentatively as year-end holidays kept volumes and market liquidity thin. South Korea's KOSPI index was an exception, rising 1.7% amid gains in chipmaker stocks. On Sunday, Russia attacked Naftogaz's Kherson Combined Heat and Power Plant, causing significant damage to the infrastructure, which is known to be a critical source of heating for tens of thousands of residents. Meanwhile, Ukraine attacked the Syzran oil refinery in Russia's Samara region, damaging the only primary oil processing unit at the refinery. These actions dented hopes of a Russia-Ukraine peace deal, even as U.S. President Donald Trump and his Ukrainian counterpart, Zelensky, indicated progress on a 20-point peace plan. The Russia-Ukraine war has been raging for nearly four years, adding to inflation in the global economy. Bitcoin News Markets Oil More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You Altcoins outpace bitcoin as precious metals' historic rally keeps macro focus sharp By Siamak Masnavi , AI Boost 16 hours ago Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals. What to know : XRP, dogecoin and solana outperformed bitcoin and ether over the past 24 hours in thin weekend trading. Analysts said bitcoin remains range-bound between roughly $86,500 and $90,000. Glassnode flagged spot price sitting near one on-chain mean while remaining well below short-term holders’ cost basis. Read full story Latest Crypto News Ethereum’s ‘Hegota’ upgrade slated for late 2026 as devs accelerate roadmap 13 hours ago Altcoins outpace bitcoin as precious metals' historic rally keeps macro focus sharp 16 hours ago Coinbase says three areas will dominate the crypto market in 2026 20 hours ago Price-action of dog memecoins dogecoin, shiba inu muted amid thin holiday liquidity Dec 27, 2025 Bitcoin’s rebound fades as XRP slips to $1.86 even with ETF assets at $1.25B Dec 27, 2025 State of Crypto: Year in review Dec 27, 2025 Top Stories Coinbase says three areas will dominate the crypto market in 2026 20 hours ago Altcoins outpace bitcoin as precious metals' historic rally keeps macro focus sharp 16 hours ago Ethereum’s ‘Hegota’ upgrade slated for late 2026 as devs accelerate roadmap 13 hours ago Trust Wallet users lose $7 million to hacked Chrome extension Dec 26, 2025 Coinbase named a top three 2026 fintech pick at Clear Street Dec 26, 2025 Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support Dec 25, 2025 In this article SOL SOL $ 128.64 ◢ 3.67 %