Bitcoin Jumps Past $83K as Ukraine Ceasefire and Trade Truce Spark Market Rebound
Markets staged a sharp recovery Tuesday afternoon after Ukraine signaled its willingness to accept a 30-day ceasefire proposal brokered by the U.S., offering a potential breakthrough in its ongoing conflict with Russia.
While Russia has yet to formally respond, a joint statement from U.S. and Ukrainian officials confirmed that the agreement includes renewed intelligence-sharing and military aid from Washington.
U.S. and Canada Ease Trade Dispute
Investor sentiment improved further as tensions between the U.S. and Canada cooled. Ontario Premier Doug Ford announced the suspension of a 25% surcharge on electricity exports to certain U.S. states—a retaliatory measure taken after President Trump imposed a 25% tariff on Canadian imports last week.
Trump had threatened to raise the tariff to 50% earlier Tuesday, but Ford’s move suggests a possible de-escalation.
Stocks and Crypto Rally
After a rocky morning session, major U.S. stock indices rebounded, with the Nasdaq up 1.25% and the S&P 500 gaining 0.4%.
Bitcoin (BTC) surged 7% in the past 24 hours, reclaiming $83,300 after dipping to $76,000 overnight. Ether (ETH) climbed 5.6%, while Solana (SOL) led altcoins with a 10% increase.
