Bitcoin Surges 5% to $105,000 on Trump Ceasefire Announcement

On June 24, Bitcoin surged past $105,000 following a significant geopolitical development. U.S. President Donald Trump announced a comprehensive ceasefire agreement between Israel and Iran, marking the end of what he referred to as “The 12 Day War.” The ceasefire was set to commence within hours, formally concluding the conflict. This announcement triggered immediate reactions across financial markets, with altcoins and Ethereum also experiencing substantial gains. Ethereum crossed $2,400, and market optimism was further bolstered by The Smarter Web Company’s latest Bitcoin purchase of 196.9 BTC. These developments underscore the growing institutional interest in Bitcoin.

The crypto market experienced a surge of positive sentiment after Donald Trump posted the ceasefire news on X. He described it as a “Complete and Total CEASEFIRE,” stating that Iran would initiate the truce, with Israel following twelve hours later. If successful, the conflict would officially end within 24 hours. Cas Abbé from Binance tweeted that “BTC pumps above $105K, ETH pumped above $2.4K and alts are running hard.” He suggested that falling oil prices and a possible rate cut in July due to easing inflationary risks could be on the horizon.

This diplomatic breakthrough helped risk assets rally significantly. Ethereum and several altcoins posted double-digit gains. Market participants rushed in with renewed optimism, pricing in peace and reduced global tension. Bitcoin’s move above $105K was not just symbolic; it confirmed growing confidence in crypto amid uncertainty. The narrow range of the past week gave way to a sharp breakout, signaling renewed bullish momentum.

Despite the rally, not all investors are holding onto their positions. Analyst Axel Adler tweeted that the 0–1 month realized cap rose by $66 billion since April 13. This metric reflects heavy profit-taking by recent buyers. Roughly 720,000 BTC have been sold during this time. Yet, Bitcoin has managed to stay within a strong support range. The key reason is strong demand absorption. Every sale has met new buyers. This is not just retail enthusiasm; it signals steady institutional demand. Adler’s analysis reflects a market with strong hands willing to absorb supply. The resilience shown in Bitcoin’s price through this distribution phase supports the case for continued upward movement. With the market structure holding, more short-term gains look possible.

While traders focused on charts and tweets, institutions made quiet but bold moves. The Smarter Web Company (SWC), listed in London, released an RNS announcing a new Bitcoin purchase. As part of its 10-Year Plan, the firm bought 196.9 BTC at an average of £77,122 per Bitcoin ($103,290). This brought its total holdings to 543.52 BTC, acquired at a total value of £42.38 million. The timing could not be better. Bitcoin pumps always attract attention, but long-term purchases like this show real conviction. SWC’s ongoing treasury policy aligns with growing corporate acceptance of digital assets. This buy mirrors moves by giants like MicroStrategy, showing how mid-cap firms are following suit. Such large acquisitions during market optimism suggest faith in Bitcoin’s role as a store of value.

Bitcoin’s current resistance lies at $106k, with a breakout at $106,500 unlocking potential moves toward $108k and $110k. On the downside, support levels are $104k and the crucial $100k zone. Price action over the next few days will hinge on how the ceasefire holds. If oil prices drop and inflation softens, a July rate cut could become likely, offering further support to crypto assets. Bitcoin pumps during geopolitical relief are not new, but this time feels different. The alignment of peace signals, corporate buying, and rate-cut hopes creates a strong bullish narrative. With profit-taking largely absorbed and big players stepping in, Bitcoin could be poised for further gains. The next few days will reveal whether this rally has lasting power or is just a temporary relief bounce.