Israel and Iran Ceasefire Triggers Crypto Market Surge
On June 24, 2025, a ceasefire agreement between Iran and Israel positively influenced the crypto market. US President Trump confirmed the ceasefire, which alleviated geopolitical tensions.
Market Reactions
- Bitcoin surged over 5%, briefly exceeding $106,000 before settling above $105,000.
- This rebound followed a dip below $99,000 during the conflict.
- Ethereum rose to over $2,400, with notable gains in smaller tokens like Sei (32%) and Dogwifhat (20%).
Global Market Impact
- The global cryptocurrency market cap increased by 4.40% to $3.21 trillion.
- Investors had previously shifted funds into gold and USD as a hedge against potential oil supply issues.
- With reports of peace, many returned to digital assets, driving up trading volumes.
Caution Ahead
Despite today’s bullish momentum, experts warn that renewed conflict or US Federal Reserve rate hikes could lead to volatility. While traders celebrate gains, a cautious outlook persists in the market.