Ahead of a much-anticipated phone call between U.S. President Donald Trump and Russia’s president Vladimir Putin, Bitcoin‘s (CRYPTO: BTC) price action remains closely tied to the outcome of a potential ceasefire in Ukraine.

Ukrainian President Volodymyr Zelenskyy said that the attacks continue to strike Ukraine’s energy infrastructure, despite Putin's agreement to immediately cease attacks on the power grid. Zelenskyy said that Moscow’s refusal to halt all strikes proved the need for increased pressure on Moscow to prevent Putin from prolonging the war.

Vladimir Putin has rejected an immediate and full ceasefire in Ukraine, agreeing only to halt attacks on energy infrastructure, following a call with US President Donald Trump. The Russian president declined to sign up to the comprehensive month-long ceasefire that Trump's team recently worked out with Ukrainians in Saudi Arabia.