Donald Trump announced a ceasefire agreement between Israel and Iran, impacting the crypto markets significantly.
Ceasefire Announcement
Today, Donald Trump revealed that a ceasefire agreement has been reached between Israel and Iran. This announcement has attracted considerable attention on the international stage.
Crypto Market Reaction
The crypto market reacted positively to the news, with Bitcoin's price rising to $106,000 within a few hours. As of this writing, the price has corrected slightly and trades around $105,300, remaining 3.8% up on the day.
Conflict Escalation
Despite the ceasefire announcement, reports later emerged that Israel blames Iran for missile launches after the agreement and has promised retaliation. Donald Trump urged Israel not to retaliate and to 'bring [their] pilots home.' He expressed dissatisfaction with Israel's actions while reassuring that 'Iran's nuclear capacities are gone' and that 'Iran will never rebuild its nuclear program.'
The situation continues to develop, and markets are showing caution regarding potential escalation of the conflict.
