A large conference at the highest level between the US and Russian Presidents failed to reach conclusions about a ceasefire between Ukraine and the world’s largest nation.
Despite this, Trump said the parties have made some good progress at some points, with Putin classifying the meeting as a “start.”
When Russian leaders attended the UN General Assembly in New York City and met then-President Obama, this was the first time a Russian leader had stepped into the soil of the United States.
“There were a lot of points we agreed to. I’ll say some big things that we haven’t got there, but we’ve made progress,” Trump said at a joint press conference.
Putin said the relationship between the two major powers has deteriorated to “the lowest point since the Cold War,” but noted that these talks could be seen as “the starting point” to improve that.
Before the meeting, Ukrainian President Voldimia Zelenki expressed his disappointment that his country would not be represented as many feared that potential deals could undermine its sovereignty.
“Ukraine is ready to work as productively as possible to end the war, and we expect a strong position from the United States. At the very least, we need a meeting of leaders on the Ukraine, the US and the Russian side.”
Given the potential importance of the meeting, many experts have anticipated a volatile crypto market, especially since it took place after Wall Street closed that day.
However, that wasn’t the case. The price of Bitcoin slipped to just under $117,000 before the meeting, but stopped its dive even if both parties failed to reach a peace conclusion. As of press time, BTC is once again approaching $118,000.
Cryptocurrency was more affected by Hot PPI data that came out the day before. This fell from an all-time high of $124,500 to under $118,000 within hours.
