Bitcoin Soars to $106K Amid Ceasefire Announcement For Iran-Israel War

Bitcoin ($BTC), the flagship crypto asset, has recently recorded a notable price jump. The latest market statistics reveal that Bitcoin ($BTC) has surged to $106,000 amid the ceasefire announcement in the Middle East. This significant development has shown a notable positive impact on the wider crypto market, leading to a renewed investor optimism.

$BTC Surges to $106K as Iran and Israel Agree to Ceasefire

On the U.S. President Donald Trump’s social media platform, Truth Social, he declared the complete ceasefire between Israel and Iran. The respective news played a crucial role in raising the price level of the top cryptocurrency. In this respect, Bitcoin ($BTC) rose to $106,000, reigniting hope among the investors regarding the further progress.

Only twenty-four hours ago, Bitcoin had slumped to a low price level of $98,500. This took place at a time when fears of a war escalation were rising due to likely U.S. engagement. Nonetheless, the ceasefire announcement reversed Bitcoin’s trajectory, raising it to the height of $106K. This price jump accounts for approximately an 8% increase within a single day.

$ETH, $SOL, $XRP also Record 8%-10% Jump While Circle Makes 750% Increase

Apart from Bitcoin ($BTC), the other crypto assets like Ethereum ($ETH), Solana ($SOL) , and $XRP have also received notable pushes from the news of ceasefire agreement. Particularly, these assets witnessed a price rise within the 8%-10% range. In the meantime, the $USDC issuer Circle has also seen a meteoric rise of 750% in stocks since getting an IPO earlier in June.

Keeping this in view, the ceasefire between Israel and Iran appears to be a considerable development for the worldwide financial markets. Although questions lingered over this agreement’s authenticity at the start, Reuters confirmed that a senior official from Iran had validated it. As a result of this, the top crypto assets like Bitcoin ($BTC) are now poised to move toward their next price targets amid growing optimism.