Crypto markets rebound on ceasefire news
Bitcoin, Ethereum, and major altcoins rallied Monday evening following former U.S. President Donald Trump’s announcement of a ceasefire agreement between Iran and Israel. The sudden diplomatic breakthrough brought renewed optimism to a market recently shaken by geopolitical tensions.
Bitcoin and Ethereum prices jump
Bitcoin (BTC) climbed 4.5% in the past 24 hours, reaching $105,458 after dipping to around $100,500 earlier in the day. Ethereum (ETH) posted even stronger gains, surging 8.86% to $2,424.50.
Altcoins followed the upward trend. XRP rose 7.4% to $2.16, while Solana (SOL) jumped 9.85% to $144.80. The GMCI 30 Index, which tracks the top 30 cryptocurrencies, increased by 7% over the same period.
Geopolitical relief fuels investor confidence
“The Iran-Israel ceasefire cooled the conflict and restored clarity,” said Vincent Liu, Chief Investment Officer at Kronos Research. “Bitcoin broke above $106K as institutional confidence returned, fueled by geopolitical relief.”
Tensions had spiked over the past week with escalating missile and drone strikes between Iran and Israel. Over the weekend, U.S. military strikes on Iran added to the uncertainty, briefly pushing crypto prices lower.
Trump’s ceasefire announcement shakes the market
At approximately 6 p.m. ET on Monday, Trump took to Truth Social to declare that Iran and Israel had “fully agreed” to a ceasefire. He outlined a phased process, with Iran beginning its halt immediately and Israel to follow within 12 hours. A complete end to what Trump called the “12-Day War” was expected within 24 hours.
Traders now shift focus to macroeconomic signals
Despite the initial market rally, analysts say the long-term outlook will depend on broader macroeconomic cues.
“The ceasefire lit the fire, but macro signals will keep it burning,” Liu noted. “Now, the focus turns to institutional ETF inflows, global trade dynamics, and U.S. dollar strength.”
Ceasefire status still unclear
At 8:46 p.m. ET, Iran’s Foreign Minister Abbas Araghchi posted on X (formerly Twitter) that no final ceasefire deal had been signed. However, he emphasized that Iran has “no intention” to continue military action—provided Israel halts its attacks by 4 a.m. local time.
Market watches for clarity amid fragile peace
With crypto prices reacting swiftly to geopolitical headlines, the market remains volatile. Analysts caution that sustained growth will depend not just on peace, but on clear signs of institutional support and stable macroeconomic trends.
