Crypto Surges After Trump Announces US-Iran Two-Week Ceasefire

The US and Israel struck a two-week ceasefire with Iran, triggering a rapid rally across global markets and cryptocurrencies.

“Pre-market crypto stocks are glowing green after the ceasefire news Bitcoin, equities, and gold rise while oil and volatility drop amid improving risk sentiment”

@coindesk

Bitcoin surged 4.9% to trade near $72,700, its highest level since mid-March.

@coindesk

The ceasefire was conditioned on Iran agreeing to COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.

Traditional risk assets also rallied across Asia and Europe.

Safe havens like gold advanced alongside risk assets, reflecting residual uncertainty.

Bitcoin briefly topped $72,750 and traded near its highest level in weeks.

Crypto-linked equities advanced alongside the broader market.

Analytics Insight

Over $600 million in crypto futures were liquidated in 24 hours.

Analysts noted Bitcoin would need to trade above $75,000 to confirm a breakout.

Iran agreed to stop its defensive operations and allowed safe passage through the Strait of Hormuz.

“Crypto Markets React Positively to U”

Bitcoinsensus

WTI crude briefly dipped to $92 per barrel before rebounding to $96.

The relief in oil markets reduced inflationary pressure.

Volatility compressed across markets, with the VIX falling 20%.

The Bitcoin Volmex Index was down over 6%.

blockchain.news

Analysts urged caution given the fragility of the ceasefire.

Bitcoin remained over 40% below its all-time high.