The escalation of the conflict between Israel and Iran may come to an end. President Trump announced a complete ceasefire, which has already impacted the cryptocurrency market.
Ceasefire Announcement
U.S. President Donald Trump announced a complete ceasefire between Israel and Iran, which he stated ends 12 days of hostilities. On his social media platform, Truth Social, he said, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE.” Iranian officials confirmed the agreement, stating that there would be no cessation of hostilities unless Israel stopped its attacks.
Bitcoin Reaction
Following the ceasefire announcement, Bitcoin prices surged approximately 6%, climbing from just over $100,000 to nearly $106,000 during Asian trading. At the time of writing, Bitcoin had slightly cooled to just over $105,000 but managed to recover all recent losses and return to its previous trading range.
Crypto Markets Recovery
Cryptocurrency markets also showed positive dynamics, gaining about $170 billion in total capitalization over the past 12 hours, reaching $3.35 trillion. Ethereum posted a strong recovery, gaining 7% to reach $2,400, while other altcoins like Solana, Sui, and Chainlink also showed significant growth.
The complete ceasefire between the two nations has led to positive changes in the cryptocurrency market, highlighting the interconnection between political events and economic indicators.
