Bitcoin Surges on Reported Iran/Israel Ceasefire, Hits $106K: Crypto Market Reacts to Peace News
The crypto market experienced another wild price swing late in the U.S. day on Monday after President Trump took to Truth Social to proclaim a "complete and total" ceasefire between Iran and Israel.
"It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now)," wrote Trump.
The news sent bitcoin (BTC) soaring, with the cryptocurrency rising nearly 3% on the announcement, topping $106,000 after having plunged to as low as $98,500 just 24 hours ago. At press time, the price had pulled back slightly to $105,300.
U.S. stock index futures also posted gains of about 0.5% across the board, while the price of crude oil continued to tumble, dropping further to just $65 per barrel after topping $75 earlier in the day.
The move in some altcoins was even more dramatic, with ether (ETH), XRP (XRP) and solana (SOL) among those seeing gains of 8%-10%.
In the minutes following the president's announcement, there was some confusion as to whether there was indeed a ceasefire agreement, but Reuters is now reporting that a senior Iranian official has confirmed that Tehran has agreed to a proposed ceasefire with Israel.
As the crypto market continues to be highly volatile, traders are advised to stay cautious and monitor the latest news developments closely.
The sudden surge in Bitcoin amid the reported ceasefire between Iran and Israel, reaching a high of $106K further validates crypto's status as an避难港e asset class during times of geopolitical tension.
The sudden climb of Bitcoin to an impressive $106K in response to reported ceasefire between Iran and Israel underscores the market's heightened sensitivity towards geopolitical events, revealing once again how volatile crypto assets can be influenced by global uncertainties.
The unexpected coincidence of an Iran/Israel ceasefire, announced amidst the swelling price rise in Bitcoin to $106K and beyond sparks a fresh round hypothesis—does和平 foster prosperity? as Crypto markets become comparable barometers for geopolitical stability?
The abrupt rise in Bitcoin's price following the reported Iran-Israeli ceasefire, crossing $106K for brief moments demonstrates yet again how sensitive crypto markets are to global political developments and their potential impact on investors’ sentiments.
The uncanny correlation between the surge of Bitcoin to $106K and reported developments in Iran/Israel ceasefire quiets skeptics, illustrating once again that crypto markets are not immune but rather highly reactive human-driven economic markers.
The sudden surge in Bitcoin toward $106K following the reported Iran/Israel ceasefire underscores how significantly geopolitical events can affect global markets and investor sentiments, even those as volatile as cryptocurrencies.
The sudden spike in Bitcoin's value to$106K following news of a reported ceasefire between Iran and Israel underscores the heightened sensitivityof crypto markets towards global political developments, demonstrating howvolatile these assets can be despite perceived safe haven status.
