Bitcoin Busts Past $106K on Reported Iran/Israel Ceasefire

A wild 72-hours of price swings continued in crypto late in the U.S. day on Monday after President Trump took to Truth Social to proclaim a “complete and total” ceasefire between Iran and Israel.

“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),” wrote Trump.

Already bouncing in afternoon action, bitcoin BTC rose nearly another 3% on the news, topping $106,000 after having plunged to as low as $98,500 not much more than 24 hours ago. At press time, the price had pulled back a bit to $105,300.

U.S. stock index futures posted gains of about 0.5% across the board and the price of crude oil tumbled further to just $65 per barrel after topping $75 earlier today.

The move in some altcoins was more dramatic, with ether ETH, XRP XRP and solana SOL among those sporting 8%-10% gains.

In the minutes following the president’s announcement there was some confusion as to whether there was indeed a ceasefire agreement, but Reuters is now reporting a senior Iranian official as saying Tehran has agreed to a proposed ceasefire with Israel.

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  • bitcoinBitcoin(BTC)$117,184.00-1.16%
  • ethereumEthereum(ETH)$3,711.63-1.55%
  • rippleXRP(XRP)$3.48-0.55%
  • tetherTether(USDT)$1.00-0.01%
  • solanaSolana(SOL)$199.206.82%
  • binancecoinBNB(BNB)$757.77-0.68%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.264661-2.34%
  • staked-etherLido Staked Ether(STETH)$3,699.40-1.60%
  • cardanoCardano(ADA)$0.870.91%
  • bitcoinBitcoin(BTC)$117,184.00-1.16%
  • ethereumEthereum(ETH)$3,711.63-1.55%
  • rippleXRP(XRP)$3.48-0.55%
  • tetherTether(USDT)$1.00-0.01%
  • solanaSolana(SOL)$199.206.82%
  • binancecoinBNB(BNB)$757.77-0.68%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.264661-2.34%
  • staked-etherLido Staked Ether(STETH)$3,699.40-1.60%
  • cardanoCardano(ADA)$0.870.91%