Bitcoin Tops $105K as Trump-Brokered Israel-Iran Ceasefire Sparks Market Rally
Bitcoin rose above $105,000 early Tuesday as global markets responded positively to an unexpected ceasefire agreement between Israel and Iran, announced by former U.S. President Donald Trump. The agreement marked a potential pause in escalating hostilities that had gripped the Middle East and rattled financial markets over the past week.
Trump Announces Ceasefire
Trump confirmed the ceasefire took effect at 01:00 ET (05:00 GMT), following intense diplomatic activity. The agreement was acknowledged by both Tehran and Jerusalem, according to multiple media sources, although Iranian missile attacks reportedly continued up to minutes before the truce deadline.
“The ceasefire is now in effect. I urge both Israel and Iran to honor the agreement. The world is watching,” Trump posted on Truth Social.
If the truce holds for 24 hours, it could mark a significant, albeit temporary, de-escalation in one of the world’s most volatile regions.
Bitcoin and Crypto Markets Rally
Bitcoin (BTC) surged 3.2% to $105,042 by 01:24 ET, rebounding from last week’s lows triggered by concerns over potential regional war and disruptions to global energy supplies. This rise placed Bitcoin near the top of its June trading range, which had narrowed amid geopolitical tension and macroeconomic uncertainty.
Other major cryptocurrencies also saw strong gains:
- Ethereum (ETH): +7.7% to $2,420.01
- Ripple (XRP): +8.1% to $2.1952
- Solana (SOL): +7.4%
- Cardano (ADA): +7.8%
- Dogecoin (DOGE): +7.7%
- $TRUMP Meme Coin: +8.1%
The rally mirrored a broader improvement in global risk sentiment, with Asian and European equity markets also trading higher in early sessions.
“Markets had priced in a worst-case scenario from the Israel-Iran conflict. Now that there’s at least a pause, risk assets are bouncing,” said Rachel Lin, CEO of crypto derivatives platform SynFutures.
Geopolitical Tensions Remain a Key Risk
While markets have cheered the ceasefire, analysts warn that geopolitical risk has not been eliminated. The conflict between Israel and Iran has flared multiple times over the past decade, and previous truces have been short-lived.
“This is a welcome development, but markets will remain cautious until there’s confirmation of lasting peace,” said Ian Bremmer, founder of the Eurasia Group.
Earlier this month, tensions escalated after the U.S. reportedly struck Iranian nuclear sites, prompting retaliatory action from Iran. The resulting instability had weighed heavily on cryptocurrencies and equities, with Bitcoin briefly slipping below $101,000 during the height of the crisis.
Trump’s Role in Crypto and Diplomacy
Trump’s influence on both global politics and the crypto market continues to grow. Beyond brokering the ceasefire, Trump has increasingly embraced cryptocurrency as part of his economic and campaign platform. The rise of the $TRUMP meme coin, which gained over 8% in the past 24 hours, reflects growing enthusiasm among his supporters in the crypto community.
Trump has previously promised to make the U.S. a leader in blockchain innovation and to protect Americans’ rights to use decentralized currencies.
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