Solana Surges 8% as Trump-Brokered Israel-Iran Ceasefire Boosts Crypto Markets
Solana Surges 8% as Trump-Brokered Israel-Iran Ceasefire Boosts Crypto Markets
24 Jun
24Jun
June 24, 2025 — Global Markets Rebound on Geopolitical Breakthrough Solana (SOL) led a sharp rally in cryptocurrency markets on Monday, jumping 8% to $145, following the announcement of a ceasefire between Israel and Iran. The broader crypto market followed suit, with Bitcoin (BTC) surging past $106,000 and Ethereum (ETH) climbing to $2,400, as geopolitical tensions eased after nearly two weeks of military escalation in the Middle East.
Ceasefire Calms Markets
The rally was sparked after U.S. President Donald Trump announced via Truth Social that Israel and Iran had reached a "complete and total" ceasefire, effective just after midnight Eastern Time on June 23, 2025. The ceasefire marks the end of what Trump labeled the “12 Day War,” which had unnerved global investors and raised fears of disruptions in energy markets." On the assumption that everything works as it should, which it will, I would like to congratulate both countries, Israel and Iran, on having the stamina, courage, and intelligence to end, what should be called, ‘THE 12 DAY WAR’,” Trump stated. The announcement followed intense diplomatic efforts, reportedly brokered by Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, who engaged in direct negotiations with Iranian officials to secure the agreement. While initial reports revealed hesitation from both Iran and Israel in formally confirming the ceasefire, markets responded swiftly to the easing of tensions.
Crypto and Stocks Rebound
The geopolitical breakthrough brought immediate relief to both crypto and traditional markets. Solana’s 8% rise to $145 was mirrored by gains across major digital assets. Bitcoin surged from $103,000 to $106,000, and Ethereum rallied to $2,400. Investors reacted positively not only to the ceasefire but also to the news that Iran’s missile strikes on U.S. bases resulted in no casualties, with U.S. officials reportedly informed in advance. The lack of escalation was viewed as a turning point in restoring confidence in risk-on assets. The crypto rally was complemented by a bounce in equities and commodities. S&P 500 futures rose 0.6%, while oil prices dropped sharply on easing fears of supply disruptions from the region.
Solana’s Sensitivity to Global Sentiment
Solana’s surge reflects the growing role of macroeconomic and geopolitical factors in crypto price action. As a leading blockchain platform known for its speed and low transaction fees, SOL is increasingly favored by institutional and retail investors alike, making it more responsive to global news cycles. Analysts noted that Solana’s sharp move higher shows investor optimism returning in force, with markets interpreting the ceasefire as a green light for renewed risk appetite.
Outlook: Ceasefire Fuels Bullish Momentum
With the ceasefire in place and diplomatic channels still active, markets are positioning for a broader rally. Should the agreement hold, analysts expect further upside in crypto and equities as volatility recedes and capital flows back into growth assets. Solana’s 8% gain could be the beginning of a larger breakout, especially if Bitcoin and Ethereum maintain their upward momentum. In the meantime, the “12 Day War” may go down as a defining geopolitical event for crypto markets—underscoring how global conflict and diplomacy now directly influence digital asset prices.