According to The Kobeissi Letter, President Trump revealed that he had a 75-minute conversation with President Putin, during which Putin asserted he would 'respond' to Ukraine's recent attack on Sunday. Trump clarified that the discussion is not expected to result in immediate peace (Source: The Kobeissi Letter, June 4, 2025). This heightened tension between Russia and Ukraine is likely to drive increased volatility in cryptocurrency markets, especially for risk-sensitive assets like Bitcoin and Ethereum, as traders react to geopolitical uncertainty and potential shifts in global capital flows.

According to Fox News, Senator Marco Rubio stated that the United States is waiting for a formal ceasefire proposal from Russian President Vladimir Putin following a recent phone call with former President Donald Trump (source: Fox News Twitter, May 20, 2025). This significant geopolitical development has the potential to influence global financial markets, including crypto assets, as traders watch for shifts in risk sentiment and capital flows. Crypto markets often react to major geopolitical news, with potential volatility in Bitcoin and stablecoins as investors assess global uncertainty and potential de-escalation in Eastern Europe.