Following President Trump’s announcement of a complete ceasefire between Iran and Israel, Bitcoin’s price surged to $106,070. This came after a tri-day decline where Bitcoin dipped below $99,000.
Markets React to Ceasefire News
Trump's claim of a ceasefire published on Truth Social quickly changed market sentiment. Initial reactions were cautious, but subsequent reports from Reuters confirmed that a senior Iranian official acknowledged Tehran’s agreement to ceasefire terms. Traders responded optimistically to the news, driving Bitcoin’s price up by 3% before settling back around $105,761.
Strategic Buying Replaces Panic Selling
The cryptocurrency market rebound followed a brutal selloff triggered by U.S. military strikes against Iran. Analysts clarified that traders who had previously been sidelined by volatility returned to the market as panic selling eased. Major buying was noted among whale activity, with retail inflows following suit.
Macro Conditions and the Bigger Picture
While geopolitics dominated headlines, macroeconomic factors were also at play. Investors are closely watching U.S. inflation data and global central bank strategies. The decline in oil prices and reduced supply disruption risks in the Strait of Hormuz also play significant roles. Overall, the long-term bullish structure for crypto remains intact as adoption continues.
Despite the recent surge in Bitcoin prices due to the ceasefire announcement, the market remains influenced by geopolitical factors. The next few days will be crucial in assessing the sustainability of this rally.
