Following the ceasefire between Iran and Israel, Bitcoin has surged above $105,000. This recovery comes after a dip below $100,000 last week. The news, confirmed on June 24, 2025 (Source: Text 1), has significantly impacted the cryptocurrency market.
The ceasefire, announced by U.S. President Donald Trump, ended 12 days of escalating tensions. Oil prices have dipped below $70 per barrel, alleviating concerns about disruptions in the Strait of Hormuz. This has encouraged investors to return to riskier assets.
Dogecoin has surged by 8%, and other cryptocurrencies are also gaining. The S&P 500, Nasdaq, and Dow Jones Industrial Average have each risen approximately 1%. Analysts note a key technical level for Bitcoin around $103,800. Ethereum has seen a 7-8% surge.
The Altcoin Season Index is trending higher, suggesting broader market optimism. However, the permanence of the ceasefire remains uncertain. The current tranquility has reinvigorated the cryptocurrency market, highlighting its sensitivity to global events.