Bitcoin Price Hits 11-Day Low Ahead of Trump–Zelenskyy Talks
Bitcoin price slipped to an 11-day low of $115,000 on Monday as markets brace for the high-stakes meeting between former US President Donald Trump and Ukraine President Volodymyr Zelenskyy. The drop follows a weekend of sideways trading around $117,000–$118,000 and a prior all-time high above $124,500 mid-last week, triggered partly by hotter-than-expected US PPI data. Total crypto market capitalization lost over $100 billion, falling to $3.96 trillion, while BTC market cap declined to $2.3 trillion and dominance held near 58%. Major altcoins also retreated: ETH dropped below $4,300, XRP under $3.00, and SOL, HYPE, XLM, SUI, ENA, PEPE, AAVE, MNT, NEAR and ONDO registered larger losses, with LINK and XMR as rare gainers.
Bearish
Uncertainty surrounding the high-stakes Trump–Zelenskyy meeting has heightened risk aversion, prompting traders to liquidate positions and driving prices down. Historically, major political events—such as Trump’s prior talks with Putin—failed to sustain bullish momentum, as markets remained cautious amid unclear outcomes. The imminent meeting is expected to maintain short-term pressure on BTC and altcoins due to potential geopolitical shockwaves. While a positive peace deal could reverse sentiment in the long term, that outcome remains speculative. Therefore, the immediate outlook is bearish, with volatility likely to persist as traders await concrete developments.