Trump's Russia-Ukraine Ceasefire Announcement Boosts Bitcoin Price

Bitcoin's price has reacted positively to the news of a Russia-Ukraine ceasefire announced by US President Donald Trump. According to reports, the two warring parties have agreed to a three-day suspension of all kinetic activity and a prisoner swap. This development comes after a brief dip in the cryptocurrency's price earlier in the day.

The price of Bitcoin had fallen to $79,100 before rebounding to above $80,000 following Trump's announcement on his social media platform. While this move is notable, it is not as dramatic as previous ceasefires that have driven up the price of the cryptocurrency.