Traditional Markets, Crypto Trim Losses, Moscow Exchange Won't Open Today as Kyiv and Moscow Start Talks

cryptonews.com:

Bitcoin (BTC), ethereum (ETH), and other major cryptoassets trimmed their losses on Monday morning in Europe, as futures pointed to a lower opening for the stock market on Wall Street, Russian financial assets tumbled, and the US dollar rose against most other fiat currencies. Meanwhile, analysts warned that the US Federal Reserve (Fed) could be forced to change course and ease its monetary policy.Meanwhile, delegations from Kyiv and Moscow are holding discussions at the Ukraine-Belarus border today as Kyiv seeks an immediate ceasefire and the withdrawal of all Russian forces from Ukraine. 

At 11:15 UTC, BTC stood at USD 38,375, down 2.6% for the past 24 hours and standing unchanged for the week. Meanwhile, ETH traded at USD 2,638, down 6.1% for the day and unchanged for the week.

At the same time, US S&P 500 futures pointed to an opening for the important stock index 1.3% lower than Sunday’s closing, as worries grew over the financial fallout from the war in Ukraine and sanctions imposed on Russia.

In Russia, where the stock market fell sharply before the weekend, the early trading session was cancelled on Monday, according to a statement from the Moscow Exchange. As of this writing, the market remains closed, with Russia's central bank confirming that it will stay that way for the rest of the day. The operating hours for tomorrow should be announced in the morning by 9 AM local time. 

Only Russian stocks trading on overseas exchanges are currently offering a hint of how some major Russian companies are being valued at the moment.

The closure of the Russian stock market comes after the Bank of Russia – Russia’s central bank – said it has ordered professional stock market participants to suspend the execution of all orders by