A company that is changing the way the world mines bitcoin

crypto.news 2025-03-11 18:55:16

Ukraine agrees to US proposal for a 30-day truce: Will Bitcoin rally?

The United States and Ukraine have agreed on a proposal for an immediate 30-day ceasefire. This news is pending Russia’s acceptance, according to a joint statement following high-level talks in Jeddah, Saudi Arabia. Kyiv expressed its readiness to accept the truce, which could be extended by mutual agreement, provided Russia implements it concurrently. “Ukraine expressed readiness to accept the US proposal to enact an immediate, interim 30-day ceasefire, which can be extended by mutual agreement of the parties, and which is subject to acceptance and concurrent implementation by the Russian Federation,” the note read. In return, the U.S. committed to lifting the pause on intelligence sharing and resuming security assistance to Ukraine . “The United States will communicate to Russia that Russian reciprocity is the key to achieving peace,” the statement said. The negotiations in Jeddah reportedly lasted over eight hours. You might also like: Ming Shing Group buys 333 Bitcoin as a short-term investment Bitcoin’s historical reactions to global conflicts Bitcoin has had mixed reactions to global conflicts, with investors using it as both a risk asset and a potential safe haven. Market movements have shown patterns of initial volatility followed by recovery. The latest developments in Ukraine are no exception, as Bitcoin initially responded to the news. In February 2022, as Russian military operations commenced in Ukraine, Bitcoin’s price dropped slightly, falling below $35,000. However, research indicates that while Bitcoin trading volumes decreased by 0.2% for every 1% increase in conflict intensity, the cryptocurrency’s price often rebounded within approximately 50 days, showcasing its resilience. During the Israel-Gaza conflict in October 2023, Bitcoin’s price initially declined, reflecting broader market apprehensions. However, crypto has often functioned as a safe-haven asset during geopolitical crises, with some cryptocurrencies experiencing positive abnormal returns before such events. Following the Ukraine announcement on March 11, crypto markets showed a positive reaction, with Bitcoin ( BTC ) jumping above $83,000 and the general market showing slight gains. In recent weeks, Bitcoin has been on a downward trend following President Donald Trump’s announcement of tariffs on Canadian steel and aluminum, as well as mixed reviews regarding the U.S. Strategic Crypto Reserve. You might also like: U.S. banking lawyer: Stablecoins need regulation similar to banks

Наиболее читаемые новости

Cathie Wood Says US Economy in Last Leg of ‘R...
2025-03-12
Global Market Turmoil Sparks Concerns Over Cr...
2025-03-12
Trump calls the stock market ‘fake’ after dra...
2025-03-12
MSTY: Stop Selling Off Your Upside For Cents...
2025-03-12
Tariff Uncertainty Could Pressurize Bitcoin P...
2025-03-12
XRP Cannot Be Clawed Back On XRP Ledger Like...
2025-03-12
COIN Surge: Cryptocurrency Stocks Rebound wit...
2025-03-12
Web3 gaming investors no longer throwing mone...
2025-03-12

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения