The US and Ukraine agreed to the proposal for an immediate 30-day ceasefire.
The news is pending acceptance of Russia, according to a joint statement following a high-level speech in Jeddah, Saudi Arabia.
Kiev has expressed that he is ready to accept a ceasefire that could be extended by mutual agreement if Russia had implemented it at the same time.
“Ukraine has expressed its preparedness to accept the US proposal to enact an immediate, interim 30-day ceasefire that can be extended by mutual agreement of the parties.
In return, the US has pledged to lift the suspension on intelligence sharing and resume security assistance in Ukraine.
“The United States tells Russia that Russian mutual relations are key to achieving peace,” the statement said. The negotiations for Jeddah reportedly lasted more than eight hours.
Bitcoin's historical response to global conflicts
Bitcoin has responded to global conflicts in a variety of ways, with investors using it as both a risky asset and a potentially safe haven. Market movements indicate early volatility patterns and subsequent recovery. Ukraine's latest developments are no exception as Bitcoin responded to the news first.
In February 2022, Bitcoin prices fell slightly, falling below $35,000 as Russian military operations began in Ukraine.
However, research shows that while Bitcoin trading volume fell by 0.2% with every 1% increase in dispute strength, cryptocurrency prices often recover within about 50 days, indicating resilience. になったんです。 English: The first thing you can do is to find the best one to do.
During the Israeli-Gaza conflict in October 2023, Bitcoin prices initially fell, reflecting uncertainty in the wider market. However, cryptos often function as assets in safe inventory during geopolitical crises, with some cryptocurrencies experiencing positive and unusual returns before such events.
Following the announcement in Ukraine on March 11, the crypto market responded positively, with Bitcoin (BTC) exceeding $83,000 and the general market showing small profits.
Bitcoin has been on a downward trend in recent weeks following President Donald Trump's announcement of tariffs on Canadian steel and aluminum and a mixed review of the US strategic crypto preparation.
