US President Donald Trump introduced a whole ceasefire between Israel and Iran, doubtlessly ending the 12-day conflict, late on Monday.
Trump took to his social media community, Reality Social, to state, “It has been absolutely agreed by and between Israel and Iran that there will likely be a Full and Complete CEASEFIRE.”
Trump on the Israel/Iran ceasefire simply now: pic.twitter.com/ixibGX3k5v
— The Kobeissi Letter (@KobeissiLetter) June 24, 2025
Iranian officers earlier confirmed that Tehran had agreed to a ceasefire, reported Reuters, which added that the nation’s overseas minister stated “there could be no cessation of hostilities except Israel stopped its assaults.”
Bitcoin Reacts
Bitcoin costs have surged round 6% because the announcement a couple of hours in the past, climbing from simply over $100,000 to return simply shy of $106,000 throughout Asian buying and selling on Tuesday morning.
The asset cooled a little bit, falling again to simply over $105,000 on the time of writing. It has now recovered all losses over the previous few days and returned to its range-bound channel.
BTC fell under six figures for the primary time since early Might on Monday following US airstrikes on Iranian nuclear amenities. Nonetheless, it didn’t keep under $100,000 for very lengthy.
S&P 500 futures additionally rose marginally late on Monday, suggesting merchants anticipate the US inventory market to open with good points on Tuesday.
MN Capital founder Michaël van de Poppe said that now the sounds of World Battle III are fading, “macroeconomic tables must be shifting.” The greenback will proceed falling, the Renminbi will get away, gold consolidates, and charges are going to fall. In the meantime, “Bitcoin and crypto go into the largest bull cycle ever.”
Crypto Markets Recuperate
Crypto markets gained round $170 billion over the previous 12 hours or in order whole capitalization returned to $3.35 trillion.
NEWS: The whole crypto market cap is up 2.3% in the present day after Trump declares “full and whole” ceasefire between Israel and Iran
Will the inexperienced momentum proceed? pic.twitter.com/XQAhRxIRhs
— CoinGecko (@coingecko) June 24, 2025
Ethereum posted a powerful restoration, gaining 7% to reclaim $2,400; nevertheless, it now must high assist turned resistance at $2,500 to fully recover.
Different altcoins posting strong good points have been Solana up 7.6%, Sui up 11.5%, Chainlink climbing 10.7%, Avalanche up 8.5%, and Hedera gaining greater than 12% over the previous few hours.
Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome supply on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!