Bitcoin reacted positively to the news that Israel and Iran will enter a ceasefire, following nearly two weeks of escalating conflict that also saw U.S. involvement.
President Donald Trump confirmed on social media that a ceasefire was agreed between all countries involved. After a period of 6 hours, Trump claims that he will consider the war to have ended.
While this source comes directly from the U.S. President, Iranian officials have yet to confirm that the war will, in fact, end. Actually, according to CNN, Iran has not been presented with any ceasefire proposals for now. Of course, this may change in the short-term future.
Bitcoin Regains Momentum
Meanwhile, in the crypto market, Bitcoin reacted extremely favorably to the news. The asset that hit as low as $98,600 on Sunday is now trading near the $106,000 level – up by 4.50% over the last 24 hours.
Bitcoin and all other digital assets were heavily affected by the Middle Eastern escalations. Things looked particularly grim after this weekend’s attacks on Iran’s nuclear facilities — as many believed the nation would retaliate by closing down the Strait of Hormuz, a critical chokepoint for global oil shipments, responsible for around 20% of the world’s oil distribution.
If Trump’s claims are confirmed and the war is truly over, investors will likely become less risk-averse and begin rotating back into risk-on assets—including equities, emerging market bonds, and digital currencies.
More importantly, the ceasefire between Israel and Iran, if sustained, would ease geopolitical tensions and avoid further violence in the region.
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