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

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

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

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Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez