Crypto Market Surges 2.9% as Geopolitical Tensions Ease

On June 24, 2025, the crypto market experienced a significant rally as geopolitical tensions eased, sparking a surge in risk-on sentiment. This shift was catalyzed by President Donald Trump’s announcement of a ceasefire between Iran and Israel, which led to a broad-based rally across speculative digital assets. Major cryptocurrencies and altcoins saw substantial gains, reflecting renewed investor confidence in the market.

Bitcoin, the leading cryptocurrency, led the charge with a 3.6% increase, reaching $105,471. Ethereum outperformed with a 6.5% gain to $2,422. Altcoins demonstrated even stronger momentum; XRP climbed 8.1%, and SEI surged an impressive 46.5% to $0.2855. This broad-based rally underscores the market’s renewed appetite for high-beta assets as investors pivot from traditional safe havens to riskier, potentially higher-yielding opportunities.

The easing of geopolitical tensions also led to a decline in traditional safe-haven assets. Gold prices dropped 2% to $3,315.8 per ounce, and oil prices fell nearly 3%, with Brent crude settling at $69.39. This environment fostered a surge in speculative assets, including the crypto market, which expanded by 2.9% to a $3.23 trillion capitalization.

The SPX6900 meme coin experienced a notable 28% rally to $1.3476, supported by robust technical signals that suggest the upward trend is sustainable rather than a fleeting spike. The Average Directional Index (ADX) reading of 35 confirms a strong trend, while the Relative Strength Index (RSI) at 56 places SPX6900 in a favorable momentum zone, with historical patterns indicating potential for approximately 20% further upside before becoming overbought.

The 50-day Exponential Moving Average (EMA) at $1.07 has flipped from resistance to support, reinforcing the bullish technical setup. Additionally, the Squeeze Momentum Indicator’s “ON” status during a bearish movement signals volatility compression, often preceding explosive price moves. Coupled with a 96.8% surge in trading volume, these factors suggest the coin is positioned to test the immediate resistance level at $1.51, with strong resistance anticipated between $1.73 and $1.77, near its all-time highs.

Dogwifhat (WIF) posted a 23% gain to $0.8740, reclaiming the critical $0.79 support level that had previously capped its price since early June. This breakout triggered approximately $3.71 million in short liquidations, signaling a potential shift toward a sustained uptrend. The RSI at 52 indicates a neutral momentum state, providing flexibility for further price appreciation if buying pressure persists.

While the ADX at 17 suggests the bearish trend has weakened, the EMA configuration remains a cautionary factor, with a “death cross” formation since January where the 50-day EMA lies below the 200-day EMA. However, WIF’s recent price action approaching the 50-day EMA at $0.91 could mark a pivotal moment. A decisive break above this level may trigger bullish momentum and algorithmic buying, potentially propelling the token toward the next resistance at $1.05, which aligns with the 200-day EMA and a key psychological threshold.

The easing of geopolitical tensions has reignited risk appetite across financial markets, with cryptocurrencies benefiting from a broad-based rally. Technical analysis of meme coins such as SPX6900 and Dogwifhat (WIF) reveals strong momentum and potential for further gains, supported by key indicators and volume surges. Investors should monitor critical support and resistance levels closely, as these will guide the sustainability of the current uptrend. Overall, the market’s shift from safe havens to high-beta assets highlights a renewed confidence in speculative digital assets amid improving global stability.