Bitcoin reclaimed the $105,000 mark during early Asian trading on Tuesday, rallying nearly 4.5% in the past 24 hours following U.S. President Donald Trump’s announcement of a ceasefire agreement between Israel and Iran.
The peace deal—mediated by Gulf intermediaries and direct discussions between Israeli and Iranian officials—has brought a sudden de-escalation after nearly two weeks of escalating military conflict. The agreement was widely welcomed by global markets, and Bitcoin was among the first risk assets to respond.
As tensions cooled, investors began rotating out of defensive safe-haven assets like gold, which has recently plateaued, and moved back into risk-on positions. The result: Bitcoin rebounded strongly, regaining its bullish momentum amid hopes for broader market stabilization.
President Trump credited early Iranian warnings about an incoming missile strike—which ultimately caused no U.S. casualties at bases in Qatar—as a key factor enabling diplomatic progress. The move helped avert a wider crisis and opened the door to immediate negotiations.
Historically, periods of geopolitical clarity have triggered a return of investor confidence in higher-risk assets like cryptocurrencies. In this case, the ceasefire has several market implications:
Bitcoin, highly sensitive to macroeconomic and geopolitical developments, often serves as a barometer for global investor sentiment. Its surge above $105,000 is being seen as a potential turning point for digital asset markets.
From a technical standpoint, Bitcoin’s move has turned near-term sentiment decisively bullish. The asset broke above the 50-period Exponential Moving Average (EMA) at $103,806 and formed a bullish engulfing candlestick pattern, a signal often associated with strong buying pressure and potential trend reversal.
Analysts now see the potential for BTC to target higher resistance levels if the peace agreement holds and macroeconomic sentiment continues to improve.
June 2025, Cryptoniteuae