Global markets surged dramatically late Monday. President Donald Trump announced a major ceasefire agreement. He declared a “complete and total” halt to fighting between Iran and Israel. Consequently, this news ignited a powerful rally across cryptocurrency markets. Bitcoin, the leading digital asset, spearheaded the charge upwards. It smashed through the $106,000 barrier within hours.
“Complete and Total” Ceasefire
President Trump delivered the unexpected news via Truth Social. “It has been fully agreed by and between Israel and Iran,” he wrote. Trump specified a “Complete and Total CEASEFIRE” would begin approximately six hours later. Initially, market participants expressed confusion about the claim. However, the announcement followed intense regional conflict. Previously, U.S.-Israel airstrikes had targeted Iranian nuclear sites. Subsequently, Iran retaliated with attacks on Israel and U.S. bases. These events had severely rattled investor confidence globally.
Bitcoin’s Rapid Rebound
Bitcoin experienced wild price swings throughout the prior 72 hours. It had plunged to a concerning $98,500 just a day earlier. Following Trump’s post, Bitcoin surged nearly 3% immediately. Following this, it reclaimed the psychologically important $106,000 level. Meanwhile, the broader crypto market exploded upwards even more forcefully. Altcoins significantly outpaced Bitcoin’s impressive gains. Ether (ETH), XRP, and Solana (SOL) all rocketed 8% to 10% higher. At press time, Bitcoin had settled slightly to $105,300.
Markets Confirm Relief Rally
The ceasefire news triggered a swift, broad-based market shift. Investors rapidly moved out of safe-haven assets. Instead, they embraced riskier investments like stocks and crypto. U.S. stock index futures climbed approximately 0.5% across major indices. Simultaneously, the price of crude oil plummeted dramatically. It fell to just $65 per barrel after peaking above $75 earlier. This oil price drop further signalled reduced geopolitical risk fears. Moreover, Reuters provided crucial confirmation. They cited a senior Iranian official confirming Tehran’s agreement. Consequently, market skepticism largely evaporated.
Ceasefire Details
Reports outlined a structured 24-hour, phased truce. Iran would initiate the cessation of hostilities first. Israel would follow suit shortly afterward. This agreement aimed to definitively end a tense 12-day conflict. Importantly, it sought to prevent closure of the vital Strait of Hormuz. Keeping this oil route open was critical for global markets. Nevertheless, analysts cautioned about the ceasefire’s fragility. Any breach could instantly reignite market volatility. Furthermore, Bitcoin faced technical resistance near the $106,000 mark. Sustaining gains above this level required continued positive sentiment. Therefore, investors remain watchful for further developments.
Written By Fazal Ul Vahab C H
