Donald Trump Calls on Israel to "Bring the Pilots Home", Cryptocurrency Market Stabilizes

At the beginning of today, Donald Trump announced that there is a ceasefire agreement between Israel and Iran. The cryptocurrency market received this news very positively and Bitcoin surged, testing the level of 106,000 dollars in just a few hours. At the time of writing this article, the price has adjusted slightly and is trading at around $105,300, but is still up 3.8% for the day.

However, later in the day, reports emerged of Israel blaming Iran for the missile strikes after the agreement took place and promising to retaliate. The market is hesitant to accept any further escalation, and although tensions remain, volatility seems to have been mitigated over the past few hours. Donald Trump urged Israel not to retaliate and "bring their pilot back home". He stated that he is "not satisfied with Israel", while further reassuring that "Iran's nuclear capabilities are no more" and "Iran will never rebuild its nuclear program". Donald Trump is said to have spoken with Benjamin Netanyahu over the phone. The Israeli Prime Minister told him that he could not cancel the attack and needed to have some response to Iran's violations of the ceasefire. However, Israel agreed to scale back its operations, canceling attacks on several targets.