According to Fox News, Ukraine is taking steps to withdraw from the Ottawa Treaty, which bans the use of anti-personnel mines. For traders, this development signals a potential escalation of the conflict and heightens geopolitical risk. Increased geopolitical tensions often lead to a 'risk-off' sentiment in global markets, which could negatively impact speculative assets like cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Investors may flee to safer assets, causing increased volatility and potential price drops in the crypto market. This move introduces significant uncertainty, a key driver of market fluctuations that traders should monitor closely.

According to Fox News, President Trump and Russian President Vladimir Putin held a two-hour call on Monday aimed at urging Russia to end its ongoing war in Ukraine. This high-level diplomatic engagement could signal a reduction in geopolitical risks, which often drive volatility in cryptocurrency markets. Traders should monitor for follow-up statements and any signs of de-escalation, as reduced conflict could lower safe-haven demand for Bitcoin and stablecoins, potentially impacting short-term trading strategies. (Source: Fox News, May 19, 2025)

According to Balaji (@balajis), China's strategic maneuvering in the Ukraine conflict could position it as a key influencer by balancing access to the EU market and military support to Russia, which has significant trading implications.