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

The United States and Ukraine have agreed with an immediate 30-day immediate ceasefire.

This news is awaiting acceptance of Russia, according to to a joint declaration following high -level talks in Jeddah, Saudi Arabia.

Kyiv expressed his desire to accept the truce, which could be extended by a mutual agreement, provided that Russia implements them simultaneously.

“Ukraine expressed the provision of accepting the American proposal to adopt an immediate 30-day cease-fire, which can be extended by the mutual agreement of the parties, and which is subject to acceptance and simultaneous implementation by the Russian Federation,” said the note.

In return, the United States has undertaken to raise the break on intelligence sharing and the resumption of security aid to Ukraine.

“The United States communicates to Russia that Russian reciprocity is the key to reaching peace,” the statement said. Negotiations in Djeddah would have lasted more than eight hours.

Historical Bitcoin reactions to world conflicts

Bitcoin has had mixed reactions to world conflicts, investors using it both as a risk asset and potential refuge. Market movements have shown initial volatility models followed by recovery. The latest developments in Ukraine are no exception, because Bitcoin initially responded to the news.

In February 2022, while Russian military operations began In Ukraine, the Bitcoin price fell slightly, falling below $ 35,000.

However, The research indicates That if Bitcoin trading volumes decreased by 0.2% for each increase of 1% in the intensity of conflicts, the price of cryptocurrency has often rebounded in around 50 days, presenting its resilience. ​

During the Israel-Gaza conflict in October 2023, the Bitcoin price initially decreased, reflecting wider market apprehensions. However, crypto has often worked as a safety assets During geopolitical crises, with certain cryptocurrencies with positive abnormal yields before such events.

After Ukraine’s announcement on March 11, cryptographic markets showed a positive reaction, with Bitcoin (BTC) Jumping over $ 83,000 and the general market showing slight winnings.

In recent weeks, Bitcoin has been On a downward trend after the announcement by President Donald Trump prices on Canadian steel and aluminum, as well as mixed criticisms concerning the strategic reserve of American cryptography.