The United States and Ukraine have agreed to the immediate 30-day ceasefire proposal.
This news is pending on Russia’s acceptance, According For a joint statement after high-level talks in Jeddah, Saudi Arabia.
Kiev expressed her readiness to accept the Trus, which could be extended by mutual agreement, provided that Russia applies it concurrently.
“Ukraine immediately expressed readiness to accept the American proposal to implement the interim-30-day ceasefire, which could be extended by the mutual agreement of the parties, and which is subject to acceptance and concurrent implementation by the Russian Federation,” the note read.
In turn, the US committed to stop the introduction of intelligence sharing and Ukraine to resume safety assistance.
The statement said, “The United States will communicate with Russia that Russian mutuality is the key to peace.” The conversation at Jeddah allegedly lasted for eight hours.
Bitcoin’s historical reactions for global conflicts
Bitcoin has made mixed reactions to global conflicts, it has been used with investors both as a risk property and a potentially safe shelter. Market movements have shown patterns of initial instability after recovery. The latest developments in Ukraine are no exception, as Bitcoin initially responded to the news.
In February 2022, due to the introduction of Russian military operations in Ukraine, the price of bitcoin fell slightly, which fell below $ 35,000.
However, Research indicates While the intensity of conflict in bitcoin trading volume declined by 0.2% for every 1% increase, the price of cryptocurrency often rebound within about 50 days, shows its flexibility.
During the Israel-Gaja conflict in October 2023, the price of bitcoin declined in the beginning, showing wide market apprehensions. However, Crypto has often served as one Safe asset During geo -political crises, some cryptocurrency experiences positive abnormal returns before such incidents.
Following the Ukraine’s announcement on 11 March, the Crypto markets showed a positive response, showing a slight advantage in Bitcoin (BTC) $ 83,000 and in the general market.
In recent weeks, Bitcoin is downwards after the announcement of mixed reviews about the American strategic crypto reserve with President Donald Trump’s announcement of tariffs on Canadian steel and aluminum.
