The war between Russia and Ukraine has also brought the uncertainty in the cryptocurrency industry to its peak.
Bitcoin (BTC) The price was first pulled up to 34,000 dollars, and then $45,500 threw a needle. $45,500 While the movement towards the war was at the peak of the war, now a completely different news has come to the agenda.
Russia and Ukraine delegations met again today and negotiations began. Although no positive steps were taken in the first meetings, it is reported that this meeting was positive.
How Will BTC Be Affected by the Ceasefire?
The Russian delegation agreed to support and establish a humanitarian corridor for civilians.
This actually shows that Russia has softened a little more. More important news than this was the statement about a possible ceasefire.
RUSSIAN NEGOTIATOR SAYS WE AGREED TO SUPPORT HUMANITARIAN CORRIDORS FOR CIVILIANS
— *Walter Bloomberg (@DeItaone) March 3, 2022
According to the information conveyed by Zerohedge, the Ukrainian delegation emphasized that the plan, which includes a possible ceasefire, was also approved.
The ceasefire will not cover the entire war. It is implied that the ceasefire will cover the humanitarian corridor mentioned above and will be made temporarily for the evacuation of civilians.
risk spiking
UKRAINIAN NEGOTIATOR SAYS AGREEMENT INVOLVED A POSSIBLE TEMPORARY CEASEFIRE DURING EVACUATIONS
— zerohedge (@zerohedge) March 3, 2022
Although such a ceasefire may seem positive at first glance, the evacuation of civilians in the country may facilitate Russia’s use of its air force. It is known that this situation means a great destruction for Ukraine.
In the face of mass destruction like this, Bitcoin has the potential to rise further with its reserve currency status.