Crypto Market Surges 4.40% as Iran-Israel Ceasefire Boosts Bitcoin 5%

On 24th June, 2025, an unexpected ceasefire between Iran and Israel sent shockwaves through the crypto market. The agreement, termed a “Complete and Total CEASEFIRE” by US President Donald Trump, brought a sudden end to days of heightened tensions and missile exchanges.

Traders, who had been on edge as oil anxiety mounted, responded swiftly to the news. Bitcoin, the leading cryptocurrency, surged more than 5% within minutes of the announcement, breaching the $106,000 mark before stabilizing just above $105,000. This sharp rebound came after prices had dipped below $99,000 during the peak of the conflict, as investors who had been hesitant to enter the market rushed back in, driving prices higher.

Ethereum, the second-largest cryptocurrency by market capitalization, also saw significant gains, climbing over $2,400 in the hours following the ceasefire announcement. Smaller tokens like Sei, Dogwifhat, and Aptos also experienced substantial increases, with Sei jumping 32%, Dogwifhat surging 20%, and Aptos gaining about 10%. This trend is typical in the crypto market, where gains in top coins often lift smaller projects as well.

The global cryptocurrency market cap reached $3.21 trillion, reflecting a 4.40% increase in a single session. Prior to the ceasefire, investors had moved their funds into safe-haven assets like gold and the US dollar, fearing disruptions in oil supplies. However, as news of the ceasefire spread, these same investors redirected their cash back into digital assets and equities, contributing to the market's rapid rebound.

Market analysts noted that the ceasefire had injected “bullish momentum” into the market, with some altcoins rallying as much as 13% in a single day. Edul Patel, CEO of Mudrex, highlighted how traders had “bought the dip” when Bitcoin briefly fell under $99,000, helping it close the day near $105,000. However, analysts also cautioned that the market's stability could be fragile, with potential flare-ups in the region or hints of a rate hike from the US Federal Reserve capable of sending prices swinging again.

Despite the cautious outlook, the market is currently riding high, and investors are hopeful that the ceasefire will hold, providing a more stable environment for digital assets. The relief felt by traders is evident in the green tickers flashing across trading screens, signaling a renewed sense of optimism in the crypto market.