Crypto Market Rebounds 9.9% as Bitcoin Surges 8.6% and Ethereum 17.64% on Ceasefire News

The cryptocurrency market experienced a significant rebound on June 24th, following the announcement of a ceasefire between Israel and Iran, brokered by the US. This development eased recent geopolitical tensions, which had previously caused a notable decline in the market. The ceasefire news acted as a catalyst, sparking a surge in investor optimism and driving a strong recovery in the crypto market.

Spot Bitcoin and Ethereum ETFs saw a combined daily net inflow of over $659 million, indicating a bullish revival in the crypto market and a surge in investor demand. According to data, spot Bitcoin ETFs attracted a daily net inflow of $588.55 million, with BlackRock’s IBIT dominating the inflow with a massive $436.32 million. This brought the product’s monthly inflow to a record $1.23 billion in June 2025. Other significant contributors to the total daily inflow included Fidelity, Ark Investment, Grayscale, Bitwise, and VanEck.

Meanwhile, spot Ethereum ETFs recorded a total net inflow of $71.23 million. BlackRock’s ETHA achieved a net inflow of $97.97 million, boosting the ecosystem’s value. However, a $26.74 million outflow from Fidelity’s FETH reduced the daily spot Ethereum net inflow. Despite this, the notable demand contributed to the surge in Ethereum’s price as the crypto market rebounded from last week’s crash.

Bitcoin surged past $106,000, reflecting an 8.6% increase this week. Ethereum also displayed a similar trend, surging 17.64% this week. The two largest cryptocurrencies by market cap dragged the rest of the market along, with most top cryptos mimicking their behavior and posting notable profits. The total crypto market cap rebounded 9.9%, bouncing off support at $2.96 trillion to reach $3.24 trillion.

The rally in the crypto market can be attributed to the ceasefire news and the growing acceptance of digital currencies by institutional investors. The inflows into Bitcoin and Ethereum ETFs suggest that investors are looking to capitalize on the potential upside in the crypto market, while also seeking to diversify their portfolios. The ETFs provide a convenient and regulated way for investors to gain exposure to the crypto market, without having to directly hold the underlying assets.

The inflows into Bitcoin and Ethereum ETFs also reflect the growing maturity of the crypto market. As more institutional investors enter the space, the market is becoming more stable and less prone to the wild price swings that have been a hallmark of the crypto market in the past. The inflows into these ETFs suggest that investors are increasingly viewing digital currencies as a legitimate asset class, rather than a speculative investment.

The rally in the crypto market and the inflows into Bitcoin and Ethereum ETFs are a positive sign for the future of digital currencies. As more investors enter the space and the market becomes more mature, the potential for growth in the crypto market is significant. The inflows into these ETFs suggest that investors are looking to capitalize on this potential, while also seeking to diversify their portfolios. The growing acceptance of digital currencies by institutional investors is a positive development for the crypto market, and the inflows into these ETFs are a testament to this trend.