BTC price strength marches on despite the curveball CPI print and FTX liquidation go-ahead, and Bitcoin traders are hopeful for long opportunities. 1135 Total views 29 Total shares Listen to article 0:00 Market Update Join us on social networksBitcoin (BTC) hit new September highs after the Sept. 14 daily close as markets digested macroeconomic and crypto industry news.BTC/USD 1-hour chart. Source: TradingViewTrader: Bitcoin market feels different
Data from Cointelegraph Markets Pro and TradingView tracked overnight BTC price highs of $26,535 on Bitstamp.
The largest cryptocurrency hadshaken off a higher-than-expected United States Consumer Price Index (CPI) the day prior, maintaining $26,000.
Subsequent confirmation that defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoins comparatively solid intraday performance.
At the time of writing, BTC/USD traded at near $26,300, still up 5.5% versus its September lows.
Coming up to the range highs and once [we] flip these levels we can look to finally get into a safe position and long, popular trader Crypto Tony told subscribers on X (formerly Twitter) on the day.BTC/USD annotated chart. Source: Crypto Tony/X
Fellow trader Daan Crypto Trades suggested that overall Bitcoin market dynamics had changed versus the period of weakness seen around the monthly close.
Market feels different this week. Dips being bought up relatively quick and while price keeps sweeping highs it keeps crawling itself back and leaving lows untouched, he wrote. Spot bid also stronger than the past few weeks. Might be wrong but Im optimistic.
Additional analysis predicted a longer-term BTC price breakout should U.S. regulators approve a Bitcoin spot price exchange-traded fund, or ETF, in the coming months.
$BTC.D Still holding on to the previous range high and bouncing.
In the chop region but ultimately I think this would go higher in case of a BTC ETF Approval (one day). pic.twitter.com/3ob4MHl53l— Daan Crypto Trades (@DaanCrypto) September 13, 2023
More cautious was trader Skew, who referenced on-chain volume primed to cool once more after a relief rally.
Daily structure looks fairly good here & decreasing volume so could definitely be looking towards a relief rally before lower, part of commentary read, noting that BTC/USD was still holding the key $25,000 level.BTC/USD annotated chart with volume. Source: Skew/XFirst green September in seven years?
Up 1.15% month-to-date at the time of writing, Bitcoin was nonetheless on course for its best-performing September in years.
Related:Bitcoin all-time high in 2025? BTC price idea reveals bull run launch
According to data from monitoring resource CoinGlass, the last time that BTC/USD gained in September was in 2016.
That year was its best on record at 6.35%, while its biggest red September month was two years prior, when it lost 19%.
In 2022, Bitcoin shed 3.1% before climbing another 5.6% in October a popular month among bulls, who informally refer to it as Uptober.BTC/USD monthly returns chart (screenshot). Source: CoinGlass
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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. # Bitcoin # Bitcoin Price # Markets # Inflation # FTX
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Donald Trump has suggested Russia’s war in Ukraine could have been “settled very easily” as he criticised Kyiv’s negotiation skills.
In comments after an extraordinary meeting between senior American and Russian officials on Tuesday morning in Saudi Arabia, the US president said of Ukraine: “They’ve had a seat [at the table] for three years and a long time before that.
“This could have been settled very easily. Just a half-baked negotiator could have settled this years ago without, I think, the loss of much land and without the loss of any lives and without the loss of cities that are just laying on their side.”
While touting his own negotiation skills, Mr Trump also said he was “more confident” about a peace deal after Tuesday’s talks, attended by US secretary of state Marco Rubio.
While speaking from Mar-a-Lago in Florida, Mr Trump also said he would not oppose seeing European peacekeeping troops stationed in Ukraine as part of a peace deal with Russia.
He also repeated a proposal that Ukrainian leader Volodymyr Zelenskyy hold elections in Ukraine as a condition of peace.
‘Not a Russian thing’
“We have a situation where we haven’t had elections in Ukraine, where we have martial law, essentially martial law in Ukraine, where the leader in Ukraine, I mean, I hate to say it, but he’s down to 4% approval rating.”
He added: “If Ukraine wants a seat at the table, wouldn’t the people have to say – it has been a long time since they had an election?
“That’s not a Russian thing, that’s something coming from me and coming from many other countries also.”
Mr Trump also told reporters he and Russian leader Vladimir Putin had discussed Ukraine before the full-scale invasion in 2022.
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“President Putin and I would talk about Ukraine, and it was the apple of his eye, I will tell you that,” he said.
“But he never, there was never a chance of him going in. And I told him: ‘You better not go in, don’t go in, don’t go in.’ And he understood that and he understood it fully.”
From Trump to Zelenskyy – it was goodbye
In another place, at another time, it would have been: “You’re fired.”
Donald Trump coined it differently when he was asked about Volodymyr Zelenskyy, but the sentiment was the same.
Asked about suggestions that Russia wanted elections in Ukraine as part of a peace deal, the US president replied: “I hate to say it, but he’s down to a 4% approval… when they want a seat at the table, wouldn’t the people of Ukraine say it’s been a long time since we had an election? That’s not a Russia thing, that’s coming from me and other countries.”
From one president to another, it was goodbye. A farewell to the notion that Trump respects Zelenskyy as an equal player in peace negotiations.
Mr Trump added he will probably meet with Mr Putin before the end of the month.
At Tuesday morning’s talks, US and Russian officials agreed to restore embassy staffing and establish a high-level team to negotiate peace in Ukraine in another sign of the significant American change in diplomatic relations with Moscow.
Mr Rubio said the two countries “need to have vibrant diplomatic missions that are able to function normally”. The US and Russia also agreed to explore closer relations and economic cooperation at the meeting.
“Should this conflict come to an acceptable end, the incredible opportunities that exist to partner with the Russians geopolitically on issues of common interest and frankly, economically, on issues that hopefully will be good for the world and also improve our relations in the long term,” Mr Rubio said.
He added ending Russia’s war in Ukraine would require concessions from all sides.
The comments came as talks between Russian and US officials in Saudi Arabia ended – part of a remarkable US policy reversal after years of former president Joe Biden leading international efforts to isolate Moscow.
‘Very useful’ talks, Lavrov says
Speaking to reporters after the meeting, Russian foreign minister Sergei Lavrov said “the conversation was very useful”.
“We not only listened, but also heard each other,” Mr Lavrov said.
“And I have reason to believe that the American side has started to better understand our position, which we have once again outlined in detail, using specific examples, based on President Putin’s repeated speeches.”
US State Department spokesperson Tammy Bruce said even though Ukraine was not at the table on Tuesday, any actual peace negotiations will include the country.
Meanwhile, President Volodymyr Zelenskyy said his country will not accept any outcome from this week’s talks if Kyiv does not take part. No Ukrainian officials were present at the meeting.
Image: Inside Tuesday’s talks in Saudi Arabia. Pic: Reuters
Ukraine losing ground to Russia
The talks came as Ukraine is slowly but steadily losing ground against more numerous Russian troops in a grinding war that began nearly three years ago.
The Ukrainian air force said Russian troops launched a barrage of 176 drones at Ukraine on Monday night, most of which were destroyed or disabled by jamming.
One Russian drone struck a residential building in Dolynska in the Kirovohrad region, wounding a mother and her two children and prompting an evacuation of 38 apartments, the regional administration reported.
Four more residential buildings were damaged by drone debris in the Cherkasy region of Ukraine, according to local officials.
European allies left scrambling
Ties between Russia and the US had fallen to their lowest level in decades in recent years – a rift that had been widening since Russia annexed Crimea from Ukraine in 2014 and worsened after Moscow’s full-scale invasion in 2022.
At that point, the US, along with European nations, imposed a raft of sanctions on Russia and the allies have repeatedly expanded the measures to damage the Russian economy.
But the recent US diplomatic blitz on the war has sent Mr Zelenskyy and key European allies scrambling to ensure a seat at the table amid concerns that Washington and Moscow could press ahead with a deal that will not be favourable to Ukraine.
On Monday, France called an emergency meeting of European nations, including the UK, to discuss the war.
Saudi Arabia seeks to be diplomatic player
The meeting between the US and Russia on Tuesday at the Diriyah Palace in the Saudi capital of Riyadh also highlights de facto leader Crown Prince Mohammed bin Salman’s efforts to be a major diplomatic player, burnishing a reputation severely tarnished by the 2018 killing of Washington Post journalist Jamal Khashoggi.
Saudi state media described the talks as happening at the prince’s direction. Saudi Arabia has also helped in prisoner negotiations and hosted Mr Zelenskyy for an Arab League summit in 2023.
Mr Zelenskyy had been due to travel to Saudi Arabia this week but rescheduled it to 10 March, suggesting he wanted to avoid his visit being linked to the US-Russia talks since Ukrainian officials were not invited.
That the United States chose to hold talks with Russia about Ukraine without Ukraine sums up the power imbalance that is upending security assumptions for the whole of Europe.
Volodymyr Zelenskyy, the Ukrainian president, has consistently warned that Kyiv must have a seat at the negotiating table for any discussions about ending Vladimir Putin‘s war to have a chance of success. His European allies also want to have a voice.
Mr Zelenskyy, apparently by chance, had been due to embark on a pre-planned trip to the kingdom later that same day.
However, he decided to delay the visit to avoid the appearance of giving any kind of legitimacy to the bilateral encounter between Moscow and Washington.
Unfortunately for Kyiv, beyond noisy protest, it has very limited options when it comes to channelling the disruptive force of the Trump White House in its favour.
More on Donald Trump
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The Ukrainian military remains hugely reliant on US weapons to fight Russia’s invasion and Mr Zelenskyy has made clear he would want an American element in any international security force that might be agreed upon to monitor a ceasefire – even though this is a role the US appears reluctant to fill and the Kremlin has said would be “unacceptable”.
It means Mr Trump has significant leverage over his Ukrainian counterpart which he will surely use to try to force through negotiations even on terms less favourable to Kyiv.
Please use Chrome browser for a more accessible video player
1:43
Ukrainians react to US-Russia talks
The US has already reportedly tried to make Ukraine sign away a large portion of its natural resources to pay for US support – an uncomfortable offer that Mr Zelenskyy has so far declined but an indication of the new transactional approach to US foreign policy.
Mr Trump has repeatedly vowed to end Russia’s war in Ukraine – even claiming during the US election campaign that he would do this within 24 hours.
But he never spelled out how.
The past week, however, has offered an indication of the direction of travel and it does not look good for Ukraine.
From unilaterally picking up the phone to Vladimir Putin to sanctioning such a high-level meeting with the Russians in Riyadh, the only currency that seems to matter to the White House is power and right now both Kyiv and its European partners are looking all too weak.
That the United States chose to hold talks with Russia about Ukraine without Ukraine sums up the power imbalance that is upending security assumptions for the whole of Europe.
Volodymyr Zelenskyy, the Ukrainian president, has consistently warned that Kyiv must have a seat at the negotiating table for any discussions about ending Vladimir Putin‘s war to have a chance of success. His European allies also want to have a voice.
Mr Zelenskyy, apparently by chance, had been due to embark on a pre-planned trip to the kingdom later that same day.
However, he decided to delay the visit to avoid the appearance of giving any kind of legitimacy to the bilateral encounter between Moscow and Washington.
Unfortunately for Kyiv, beyond noisy protest, it has very limited options when it comes to channelling the disruptive force of the Trump White House in its favour.
More on Donald Trump
Related Topics:
Spreaker
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To show you this content, we need your permission to use cookies.
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The Ukrainian military remains hugely reliant on US weapons to fight Russia’s invasion and Mr Zelenskyy has made clear he would want an American element in any international security force that might be agreed upon to monitor a ceasefire – even though this is a role the US appears reluctant to fill and the Kremlin has said would be “unacceptable”.
It means Mr Trump has significant leverage over his Ukrainian counterpart which he will surely use to try to force through negotiations even on terms less favourable to Kyiv.
Please use Chrome browser for a more accessible video player
1:43
Ukrainians react to US-Russia talks
The US has already reportedly tried to make Ukraine sign away a large portion of its natural resources to pay for US support – an uncomfortable offer that Mr Zelenskyy has so far declined but an indication of the new transactional approach to US foreign policy.
Mr Trump has repeatedly vowed to end Russia’s war in Ukraine – even claiming during the US election campaign that he would do this within 24 hours.
But he never spelled out how.
The past week, however, has offered an indication of the direction of travel and it does not look good for Ukraine.
From unilaterally picking up the phone to Vladimir Putin to sanctioning such a high-level meeting with the Russians in Riyadh, the only currency that seems to matter to the White House is power and right now both Kyiv and its European partners are looking all too weak.