Bitcoin experienced significant price movement, climbing above $83,000 as markets reacted positively to news of a proposed 30-day ceasefire agreement between Ukraine and Russia. After falling to a low of $76,600 overnight, Bitcoin rallied by 7% to reach $83,300 within 24 hours. The ceasefire proposal, suggested by the U.S. following discussions with Ukraine, is contingent upon Russian acceptance. In broader market movements, U.S. stock indexes rebounded from early losses, with the Nasdaq gaining 1.25% and the S&P 500 up by 0.4%. This turnaround is largely attributed to the emerging geopolitical stability following the ceasefire announcement. Additionally, other cryptocurrencies also saw gains, with Ether rising 5.6% and Solana up by 10%. There is ongoing attention toward the implications of this ceasefire on market sentiment and cryptocurrency values as major players continue to monitor developments.

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