Bitcoin (BTC) and Ethereum (ETH) prices surged late Monday following U.S. President Donald Trump’s declaration of a full ceasefire between Israel and Iran. The surprise announcement reduced geopolitical risk, prompting a wave of investor optimism across crypto markets.
In a Truth Social post, Trump revealed that Israel and Iran had agreed to a “Complete and Total CEASEFIRE”, effective within six hours. The agreement reportedly followed back-channel diplomacy involving Qatar, Israeli Prime Minister Benjamin Netanyahu, and Iranian representatives. Trump’s statement quickly shifted market sentiment, driving sharp gains in digital asset valuations.
Key Market Highlights:
- BTC surged nearly 4%, touching $106,000
- ETH gained 7.8%, trading around $2,426
- Trading volumes spiked: BTC at $65.8B, ETH at $25.7B
- Ceasefire eased global risk sentiment, lifting equities and crypto
The market response underscores how closely tied major cryptocurrencies have become to global macro and geopolitical developments.
Bitcoin Hits $106K Amid Risk-On Shift
Following Trump’s ceasefire announcement, Bitcoin spiked to $106,000 before settling around $105,818, marking a 3.96% daily increase. Despite remaining in negative territory on a weekly and monthly basis, the leading cryptocurrency is showing signs of recovery as investors respond positively to the de-escalation in the Middle East.
BTC’s daily trading volume rose 3% to reach $65.8 billion, signaling renewed interest from both retail and institutional players. The bounce coincides with broader risk-on momentum in global markets, with major U.S. stock indices also trending higher.
Analysts suggest that Bitcoin’s role as a macro-sensitive asset has strengthened, especially in the face of geopolitical volatility.
Ethereum Outperforms with 8% Daily Gain
Ethereum’s rebound was even stronger. The second-largest cryptocurrency rallied 7.8% over 24 hours, currently trading at $2,426. Despite prior losses of 6% weekly and 4% monthly, the rally sparked optimism that ETH may be turning a corner.
ETH’s trading volume surged 6.2%, hitting $25.69 billion, indicating elevated market activity. The asset appears to have benefited not only from the ceasefire news but also from growing institutional interest in Ethereum’s use cases beyond currency—including tokenization, staking, and layer-2 expansion.
Ceasefire Applauded by Global Leaders
International leaders welcomed the ceasefire announcement. Israel confirmed its agreement to the U.S.-brokered deal, emphasizing that it had neutralized Iran’s nuclear threat. Iran denied ceasefire violations and signaled conditional compliance.
Global responses included:
- Germany’s Chancellor Friedrich Merz praised Qatar’s mediation, calling it a “very positive development.”
- Former U.S. Ambassador James Jeffrey described the outcome as “promising,” despite early skepticism.
Conclusion:
With the Middle East ceasefire lowering geopolitical risk, cryptocurrencies are regaining momentum. Both Bitcoin and Ethereum surged on Trump’s peace announcement, offering a timely reminder of how global diplomacy now reverberates through digital asset markets.
