Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
The Iran-Israel ceasefire has stabilized world markets and given life to cryptocurrencies again, with Bitcoin rising back over $105,000 after momentarily dropping below $100,000 last week.
The ceasefire, as confirmed by US President Donald Trump on June 24, ended 12 days of escalating tensions that had shaken oil prices and sent investors into safer investments.
Now that the threat of full-scale conflict has cooled, investors are back in risk-taking mode—and crypto is reaping some of the benefits.
Oil Down, Risk Appetite Up
Reports show oil prices dipped below $70 per barrel after the ceasefire was announced. That shift alone was enough to steer market behavior, as fears of oil disruption in the Strait of Hormuz began to fade.
Lower oil prices usually mean reduced inflation pressure, which encourages investors to put money into assets that carry more risk—and potential reward.
💥BREAKING:
TRUMP ANNOUNCES CEASEFIRE BETWEEN IRAN AND ISRAEL.
BULLISH FOR MARKETS! 🚀 pic.twitter.com/M9PZM9UsB8
— Crypto Rover (@rovercrc) June 24, 2025
Cryptocurrencies were among the biggest winners in this wave. Bitcoin climbed more than 5% in a single day, topping $106,000 at its peak. Ethereum wasn’t far behind, adding around 7%, while Solana and Cardano each gained over 6%.
Dogecoin popped by 8%. Investors poured into crypto as the stock market also climbed. The S&P 500, Nasdaq, and Dow all rose roughly 1% as traders shifted away from the US dollar and safe-haven assets.
IRAN CONFIRMS CEASEFIRE AGREEMENT WITH ISRAEL
Iran has officially confirmed it has agreed to a ceasefire with Israel, signaling a critical de-escalation in one of the world’s most volatile conflicts. Markets may react swiftly to the easing geopolitical risk. https://t.co/1HKhmbqEGr pic.twitter.com/868bWekGte
— Crypto Town Hall (@Crypto_TownHall) June 24, 2025
Technical Breakouts Boost Bitcoin
Analysts pointed to a key technical level for Bitcoin—around $103,800—where the 50-period exponential moving average had been acting as resistance.
Once that line was cleared, buying activity picked up. That momentum was enough to push Bitcoin above $105,000 in a matter of hours.
Bitcoin price quickly spiked following news of the ceasefire. Source: Coingecko.
With geopolitical risk out of the headlines for now, Bitcoin’s short-term trend looks healthier. But traders remain cautious.
Several analysts warn that a return to hostilities or political instability could send crypto prices right back down. For now, though, the charts are showing bullish patterns.
Altcoins Join The Rebound
Altcoins have also stepped into the spotlight. Ethereum’s 7–8% surge is drawing attention, especially as it regains key support levels. Cardano, Solana, and other mid-cap tokens are getting a lift as investors search for higher returns outside Bitcoin.
Total crypto market cap at $3.21 trillion on the daily chart: TradingView
The Altcoin Season Index is also moving higher, suggesting that more tokens are beginning to outperform Bitcoin. That trend often shows up in the early stages of broader market optimism. Whether that lasts will depend on global headlines in the coming weeks.
Will The Ceasefire Hold?
While markets welcomed the ceasefire, nobody’s calling it permanent. Some reports say the situation is still fragile, and a single provocation could undo the gains.
Iran’s previous threats to close off the Strait of Hormuz—a significant oil shipping route—have not entirely gone away.
Nevertheless, temporary tranquility has been sufficient to push funds into crypto again. It’s a reminder that these virtual currencies are attached in large part to global events, and their prices can shift quickly based on what’s occurring in the wider world.
For now, the ceasefire is helping crypto prices rise. But if history is any guide, this ride could get bumpy again soon.
Featured image from NewsTrack, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
