Gate News bot message, as U.S. President Donald Trump announced that Iran and Israel agreed to a ceasefire, the prices of Bitcoin, Ethereum, and other major Crypto Assets surged significantly on Monday evening.
According to The Block's crypto asset price page, Bitcoin (BTC) has risen by 4.5% in the past 24 hours, trading at $105,458, a recovery from around $100,500 earlier on Monday. Ethereum (ETH) has seen a larger increase of 8.86%, reaching $2,424.5.
The prices of altcoins also saw a significant rise on Monday. Ripple (XRP) rose by 7.4% to $2.16, and Solana (SOL) increased by 9.85% to $144.8. The GMCI 30 index, which measures the performance of the top 30 Crypto Assets, rose by 7% in the past 24 hours.
"The conflict is gradually cooling down, and the situation is becoming clearer... As Iran and Israel's ceasefire eases tensions, capital is beginning to flow back," said Vincent Liu, Chief Investment Officer of Kronos Research. "Institutional investors remain stable—driven by renewed confidence and geopolitical relief, Bitcoin has broken through $106,000."
The conflict between Iran and Israel stems from decades of ideological and political differences, which have escalated further in recent weeks, leading to multiple missile and drone attacks. Last weekend, the US military launched strikes against Iran, causing turbulence in the crypto assets market.
On Monday, Trump announced in his Truth Social post that Iran and Israel had "fully agreed" to achieve a complete ceasefire within approximately six hours.
Trump wrote: "Iran will officially begin a ceasefire, Israel will start a ceasefire after the 12th hour, and the world will officially celebrate the end of the 12-day war after the 24th hour."
Liu from Kronos Research stated that the market is now focusing on whether this rebound driven by the peace agreement will turn into a more long-term bull market.
He wrote: "The focus now shifts to the subsequent actions, whether institutions are buying ETFs, the progress of trade negotiations, and whether the dollar is strengthening. The ceasefire has ignited a spark, but macro signals will keep it burning."
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After Trump announced a ceasefire between Iran and Israel, Bitcoin and Ether rose; analysts say the focus has shifted to macro clues.
Gate News bot message, as U.S. President Donald Trump announced that Iran and Israel agreed to a ceasefire, the prices of Bitcoin, Ethereum, and other major Crypto Assets surged significantly on Monday evening.
According to The Block's crypto asset price page, Bitcoin (BTC) has risen by 4.5% in the past 24 hours, trading at $105,458, a recovery from around $100,500 earlier on Monday. Ethereum (ETH) has seen a larger increase of 8.86%, reaching $2,424.5.
The prices of altcoins also saw a significant rise on Monday. Ripple (XRP) rose by 7.4% to $2.16, and Solana (SOL) increased by 9.85% to $144.8. The GMCI 30 index, which measures the performance of the top 30 Crypto Assets, rose by 7% in the past 24 hours.
"The conflict is gradually cooling down, and the situation is becoming clearer... As Iran and Israel's ceasefire eases tensions, capital is beginning to flow back," said Vincent Liu, Chief Investment Officer of Kronos Research. "Institutional investors remain stable—driven by renewed confidence and geopolitical relief, Bitcoin has broken through $106,000."
The conflict between Iran and Israel stems from decades of ideological and political differences, which have escalated further in recent weeks, leading to multiple missile and drone attacks. Last weekend, the US military launched strikes against Iran, causing turbulence in the crypto assets market.
On Monday, Trump announced in his Truth Social post that Iran and Israel had "fully agreed" to achieve a complete ceasefire within approximately six hours.
Trump wrote: "Iran will officially begin a ceasefire, Israel will start a ceasefire after the 12th hour, and the world will officially celebrate the end of the 12-day war after the 24th hour."
Liu from Kronos Research stated that the market is now focusing on whether this rebound driven by the peace agreement will turn into a more long-term bull market.
He wrote: "The focus now shifts to the subsequent actions, whether institutions are buying ETFs, the progress of trade negotiations, and whether the dollar is strengthening. The ceasefire has ignited a spark, but macro signals will keep it burning."