Ukraine Agrees to 30-Day Ceasefire; Crypto market recovers

Ukraine has agreed to America’s proposal for a 30-day ceasefire with Russia. The decision came out after the US announced that they would send weapons and share intelligence with Ukraine again, which had been paused earlier.

Following the ceasefire announcement, the crypto market has shown signs of recovery. Bitcoin and major altcoins experienced a surge in value as investor sentiment improved.

Source: Coinmarketcap

Bitcoin is already 5% up and Eth is 4% up, with the overall crypto market also 4.59% up.

Market analysts believe that the reduced geopolitical uncertainty has contributed to renewed investor confidence, prompting a rally across digital assets.

In a Tuesday discussion, Ukraine and the United States jointly announced that the White House will lift the pause on security assistance and intelligence sharing with Ukraine. 

According to the statement, Kyiv had also accepted the US proposal to implement an immediate, interim 30-day ceasefire, which can be extended by mutual agreement of Ukraine and Russia. However, this is subject to Russian acceptance. 

“The United States will communicate to Russia that Russian reciprocity is the key to achieving peace,” the statement added.

Ukrainian President Volodymyr Zelensky also accepted the United States’s proposal for 30 30-day truces. He stated  that while Ukraine had initially proposed limiting the ceasefire to aerial and maritime operations, the US advised extending it to “the entire front line.”

Zelensky consider this move a positive sign, and they are ready for this big step. He added that the US must convince Russia to do this.

Discussions about the ceasefire happened on Tuesday in a long meeting in Saudi Arabia, including Marco Rubio, the US secretary of state, Mike Waltz, Donald Trump’s national security adviser, and Andriy Yermak, Mr Zelensky’s chief of staff. 

After the meeting US Secretary of State Marco Rubio said that the US has proposed “to enter into a ceasefire and enter into negotiations to end this conflict in a way that is enduring and sustainable and Ukraine has accepted the proposal” He added that the US will take this offer now to the Russians and “the ball is now in Russia’s court”.