- President Trump’s announcement of an Iran-Israel ceasefire sparked a crypto market rally, with Bitcoin rising above $105,000.
- Ethereum, Solana, XRP, and Cardano also saw 9–11% daily gains as investor sentiment rebounded sharply.
- Over $473 million in liquidations occurred in the last 24 hours, driven largely by short positions caught off guard.
Cryptocurrency prices soared Monday evening after President Donald Trump announced a ceasefire agreement between Israel and Iran. Trump shared on Truth Social that the war would officially end following a 12-hour ceasefire beginning approximately six hours from his post, stating, “CONGRATULATIONS TO EVERYONE!” The news ignited a market-wide crypto surge, reversing the weekend’s steep losses.
Bitcoin Rebounds Sharply After Weekend Slump
Bitcoin shot up 5% on the day, surging past $105,000 after Trump’s post and nearing Friday’s pre-strike levels. The leading cryptocurrency had dipped below $100,000 after U.S. strikes on Iranian nuclear facilities but has since bounced back strongly. Prediction market Myriad gives Bitcoin a 79% chance of staying above the $100,000 threshold through June 27, showing renewed confidence in BTC’s momentum.
Broader Market Sees Double-Digit Gains
Ethereum rose to $2,408, marking a 9% daily increase, while Solana climbed 11%. Dogecoin followed with a 10% gain, and both XRP and Cardano rose 9%.
The rally triggered a wave of liquidations, with CoinGlass data reporting $473 million wiped out in 24 hours—$364 million from short positions alone, including $161 million in Bitcoin shorts and $140 million in Ethereum.
