Bitcoin and the broader crypto market Rebound President Donald Trump announced a moratorium on the conflict between Iran and Israel, although his warnings to both countries continued.
Trump Write In the “Truth Social Monday Night” post. In another article Tuesday morning, the President Announce The ceasefire is “effective now”.
Announce Ceasefire Bitcoin jumped 2% according to the Monday night agreement, and as of Tuesday afternoon, it climbed from $104,000 to $106,000. binance. Other cryptocurrencies are also surging in the news XRP This increased by 5% during this time, Solana received 3% and Ethereum received 6%. The market cap of the entire cryptocurrency market has increased by 3% since its announcement, growing from $3.19 trillion to $3.27 trillion since Monday night.
“We’re seeing a surge in Bitcoin back to $105,000, and other major currencies like Ethereum, Solana and XRP showcase their strong rally,” David Siemer, CEO of Crypto Asset Manager Wave Digital Assets, told wealth. “This is largely due to the ease of tensions in the Middle East following the ceasefire between Israel and Iran.”
Trump continued to denounce the two countries on Tuesday morning to take action, saying he violated the clause trucebut cryptocurrencies ignore any diplomatic slap and stay strong
The latest conflict between the two countries began earlier this month, when it was a UN-backed nuclear regulator A report request Iran does not comply with nuclear safeguards. Shortly after the report was released, Israel launched a series of air strikes on June 13 targeting Iran’s nuclear facilities and killing top Iranian officials.
The threat of a full-scale war between the two countries has retaliated against Israel in recent weeks, and the two countries have continued to exchange fires. But when Trump announced that the U.S. military had carried out air strikes at several Iranian nuclear sites over the weekend, the conflict escalated to a new level.
“We have completed a very successful attack on three nuclear sites in Iran,” Trump explain About the truth about Saturday socializing. “At the main location, all the effective bombs were dropped on Fordow.”
The United States has been involved in the news of the conflict between Iran and Israel, sending investors fleeing volatile assets such as cryptocurrencies. Bitcoin fell for the first time to below $100,000 from Sunday in more than a month, as investors prepared for Iran’s reaction to the attack.
Whether the ceasefire will be held or what will happen next remains to be seen. But for the moment, cryptocurrency holders enjoyed the rebound after Tuesday’s previous lows.
“There is reason to believe that the market may continue to react in the coming weeks,” Siemer said. “Institutional players in the digital asset space are closely watching developments and evaluating their risk appetite.”
