A key driver behind a 6.4% surge in the price of Bitcoin (BTC) may have been the announcement by the U.S. government of a potential 30-day ceasefire in Ukraine, as long as Vladimir Putin is in agreement. 

A ceasefire on the table - Russian response awaited

Talks between U.S. and Ukrainian officials in Jeddah, Saudi Arabia, which lasted more than 8 hours, have ended with the Ukrainian delegation agreeing to a potential 30-day ceasefire across the entire frontline. The agreement includes the possibility to extend the ceasefire with the assent of both sides.

It now remains for Russia to show willingness to accept the ceasefire, and for major negotiations on ending the war to take place. A possible sticking point is that some Russian officials, like State Duma Deputy Viktor Sobolev, …