Bitcoin Surges Above $106K as Trump Claims Iran-Israel Ceasefire Deal
Bitcoin prices spiked on Monday evening after former U.S. President Donald Trump announced via Truth Social that Iran and Israel had reached a “complete and total” ceasefire agreement, set to begin within hours.
“It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now),” Trump posted.
The news sent bitcoin soaring nearly 3%, briefly surpassing $106,000 after trading as low as $98,500 just a day earlier. By press time, bitcoin had eased slightly to around $105,300.
U.S. equity futures rose roughly 0.5% across major indexes, while oil prices continued to drop, sliding to $65 per barrel after touching $75 earlier in the session.
The broader crypto market rallied on the ceasefire hopes, with altcoins such as ether (ETH), XRP, and solana (SOL) gaining between 8% and 10%.
Although initial reactions were mixed due to the suddenness of Trump’s announcement, Reuters later reported that a senior Iranian official confirmed Iran had agreed to a proposed ceasefire with Israel.
About The Author
More Stories
Clarity Act Approval Odds Surge After Reports of Trump Ethics Deal
Crypto Markets Surge as Clarity Act Progress and Chip Rally Boost Sentiment
XRP Rallies 4% as Traders Eye Triangle Breakout Toward $1.35