Bitcoin Surges to $106,000 Following Iran-Israel Ceasefire Announcement
Crypto markets experienced significant volatility following President Trump's announcement of a potential ceasefire between Iran and Israel.
- Trump declared a "complete and total" ceasefire on Truth Social, effective in approximately 6 hours.
- Bitcoin rose nearly 3%, reaching over $106,000 after dropping to $98,500 within 24 hours; it is currently priced at $105,300.
- U.S. stock index futures gained about 0.5% while crude oil prices fell to $65 per barrel from earlier highs of $75.
- Some altcoins, including ether, XRP, and solana, saw gains between 8% and 10%.
- Confusion around the ceasefire was clarified by reports of an agreement from a senior Iranian official.