The Kremlin has just announced that Russian President Vladimir Putin and U.S. President Donald Trump held a phone call lasting one hour. The main focus was on finding solutions to quickly end the conflict in Ukraine, a prisoner exchange plan, and guidance for restoring U.S.-Russia relations during Trump’s new term.

This move marks a major diplomatic turning point as the highest-level dialogue channel between the two nuclear superpowers has effectively been resumed. The parties’ willingness to sit down at the negotiating table raises hopes for cooling down one of the most persistent geopolitical hotspots in the world over the past three years—a key driver behind disruptions to supply chains and the global energy crisis.

In financial markets, signals of a war cooling off often trigger a risk-on sentiment. Pressure on crude oil prices and commodities may ease, helping to curb global inflation and creating additional room for central banks to loosen policy. It could also weaken the role of the USD and gold as safe havens in the short term.

For the crypto market, bullish sentiment from positive geopolitical developments may encourage capital to return to $BTC and to risk assets. As macro risks subside, investors will be more confident in allocating capital to the digital assets market in the coming period.

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