US President Donald Trump announced an end to the conflict between Israel and Iran, significantly impacting the cryptocurrency market.
Announcement of Ceasefire
On the evening of June 23, US President Donald Trump made an announcement that the whole world was waiting for. He declared the end of the war between Israel and Iran. Trump posted on his Truth Social account that both countries had agreed to a complete ceasefire after completing their final operations, referring to this conflict as 'the 12-day war.'
He stated that officially, Iran would start the ceasefire, and after 12 hours, Israel would follow suit, effectively ending the war. During the ceasefire, both countries should remain peaceful and respectful. Trump congratulated both nations for showing endurance, courage, and intelligence in ending a war that could have lasted for years and disrupted the Middle East.
Crypto Market Reaction
The cryptocurrency market reacted positively to this news. On June 24, Bitcoin surged by more than 4%, reaching above $106,000. At the time of writing this article, BTC is trading above $105,000, up over 3.4% in the past 24 hours.
Bitcoin's price had risen from $100,000 on June 23, briefly surpassing $106,000 on June 24, driven by the optimism following Trump's announcement and other factors, including rising global adoption, continued institutional interest, and positive developments within the ecosystem.
Future of Israel-Iran Relations
Trump highlighted that the world and the entire Middle East are the real winners in this situation. He noted that both nations will witness tremendous love, peace, and prosperity in their futures, with much to gain and much to lose if they stray from the path of righteousness and truth.
The announcement of the ceasefire between Israel and Iran marked a significant event, notably affecting the cryptocurrency market. The optimism sparked by this news could lead to further price increases and stability in the market.