Bitcoin Rises Above $84,000 After Trump Announces Russia-Ukraine Energy Ceasefire

  • President Donald Trump said Russia and Ukraine agreed to immediately halt attacks on energy facilities.
  • The Trump administration authorized about 13.5 million barrels of Russian diesel for international markets.
  • Volodymyr Zelenskiy backed a ceasefire but awaited detailed terms from the U.S. side.

Bitcoin rose above $84,000, reaching 84,036.3 USDT on OKX and gaining 1.17% over 24 hours after President Donald Trump said Russia and Ukraine had agreed to immediately halt attacks on energy facilities. Trump announced the energy truce on Truth Social but did not provide terms, monitoring arrangements or enforcement details. Ukrainian President Volodymyr Zelenskiy said Ukraine supported a ceasefire and was awaiting a detailed explanation from the U.S. side, after previously saying Kyiv was prepared to stop attacks on energy facilities if Russia did the same. The agreement’s implementation remains uncertain after Trump made a similar claim in September that Zelenskiy disputed, with fighting continuing afterward. Russia’s October 10 airstrikes on residential areas in Ukraine killed at least 20 people. Separately, the Trump administration granted a partial sanctions exemption allowing about 13.5 million barrels of Russian diesel to reach international markets starting this month. Zelenskiy criticized the move, while seven U.S. senators said it violated a law banning Russian energy imports. Russia has extended restrictions on diesel, jet fuel and gasoline exports through the end of October, while disruptions in the Strait of Hormuz linked to the U.S.-Iran war are adding to uncertainty in global energy markets. Ethereum also gained modestly, and CoinGlass data showed $70 million in crypto short bets liquidated over four hours.

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