Russia’s State Duma has approved a bill permitting cryptocurrency use in foreign trade. The Bitcoin price prediction market for April 25 sits at 99.8% YES, up from 99% a day ago.

Market reaction

The bill allows cryptocurrencies for international settlements, bypassing traditional channels blocked by Western sanctions. The immediate market impact is minimal. The Bitcoin above $66K market for April 25 hasn’t moved meaningfully, and traders were already confident about Bitcoin’s short-term price before the news broke.

XRP markets haven’t moved either. The XRP price market remains inactive, with no notable trading volume. Bitcoin, not XRP, would be the more direct beneficiary of Russia using crypto for trade…