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- The ceasefire announcement significantly boosted investor confidence, leading to strong rebounds across major cryptocurrencies.
- While short-term gains are evident, the market’s long-term stability remains dependent on the geopolitical situation’s progression.
Global crypto markets has just rallied hard on Tuesday evening after a ceasefire announcement from the President of the United States, Donald Trump. Specifically, Trump wrote on Truth Social that Iran and Israel have agreed on a total and complete ceasefire to be effective within six hours of his post.
For a context, according to recent reports, the rally appears to be driven by eased geopolitical tensions following Trump’s announcement, which was brokered in coordination with Israeli Prime Minister Benjamin Netanyahu and mediated through Qatari and U.S. diplomatic channels. As stated recently in a recent post by The Guardian:
In light of achieving the objectives of the operation, and in full coordination with President Trump, Israel has agreed to the president’s proposal for a bilateral ceasefire,” the Israeli government said in a statement, claiming it had achieved its objectives “and much more,” removing “a double existential threat – on both the nuclear issue and regarding ballistic missiles.
In addition, market sentiment shifted to the “Greed” territory, as indicated by the Crypto Fear & Greed Index jumping 18 points to 65.
According to reports, other major cryptocurrencies also saw significant gains. Ethereum (ETH) rose to $2,408, up nearly 9% in 24 hours. Solana (SOL) jumped by 11%, while XRP and Cardano (ADA) both posted gains of around 9%.
Bitcoin Rises After Trump’s Middle East Ceasefire
Following President Donald Trump’s announcement on June 24, 2025, of a 24-hour phased ceasefire between Israel and Iran, ending a 12-day conflict, the cryptocurrency market experienced a significant rebound.
More generally, as reported in a recent CNF post, U.S. President Trump also signed an executive order establishing a strategic Bitcoin reserve. In relation to the current situation, Bitcoin (BTC) surged approximately 4–5%, climbing above $105,000 after recovering from a weekend dip below $100,000 driven by fears of a potential Strait of Hormuz shutdown.
Based on data from reputable sources, the broader market saw similar gains, with a 2.4% increase in overall market capitalization and a clear shift toward “Greed” in sentiment.
However, the sustainability of this rally remains uncertain, hinging on the ceasefire’s stability—with potential volatility if tensions resume.
As of now, Bitcoin (BTC) is trading at approximately $105,257.03, reflecting a notable 3.88% increase in the past day. See the BTC price chart below for further movement following Trump’s Middle East ceasefire.