US and Ukraine Propose 30-Day ceasefire, Awaiting Russia’s Approval
The United States and Ukraine have proposed a 30-day ceasefire. This plan needs Russia’s approval, as stated after talks in Jeddah, Saudi Arabia.
Ukraine is ready to accept the ceasefire.It can be extended if both sides agree. Though, Russia must also implement it simultaneously occurring.
the U.S.will lift the pause on intelligence sharing and resume security aid to Ukraine. “Russian cooperation is key to peace,” the statement said. The talks in Jeddah lasted over eight hours.
Bitcoin’s Response to Global Conflicts
Bitcoin’s reaction to global conflicts has been mixed. investors see it as both risky and safe. Market trends show initial volatility followed by recovery.
In February 2022,when Russia invaded Ukraine,Bitcoin’s price fell below $35,000. but research shows that while trading volumes drop, prices often recover within 50 days.
During the Israel-Gaza conflict in October 2023, Bitcoin’s price fell. Yet, crypto frequently enough acts as a safe haven during crises. some cryptocurrencies gain value before such events.
After the ukraine ceasefire news on March 11, Bitcoin jumped above $83,000. The crypto market showed slight gains.
Recently, Bitcoin has been falling. This is due to President Trump’s tariffs on Canadian steel and aluminum, and mixed views on the U.S. Strategic Crypto Reserve.
