Cryptonews
EN

Bitcoin Busts Past $106K on Reported Iran/Israel Ceasefire

coindesk.com

5 hour ago

Bitcoin Busts Past $106K on Reported Iran/Israel Ceasefire

A wild 72-hours of price swings continued in crypto late in the U.S. day on Monday after President Trump took to Truth Social to proclaim a "complete and total" ceasefire between Iran and Israel. "It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now)," wrote Trump. Already bouncing in afternoon action, bitcoin BTC$105,420.25 rose nearly another 3% on the news, topping $106,000 after having plunged to as low as $98,500 not much more than 24 hours ago. At press time, the price had pulled back a bit to $105,300.U.S. stock index futures posted gains of about 0.5% across the board and the price of crude oil tumbled further to just $65 per barrel after topping $75 earlier today. In the minutes following the president's announcement there was some confusion as to whether there was indeed a ceasefire agreement, but Reuters is now reporting a senior Iranian official as saying Tehran has agreed to a proposed ceasefire with Israel.

https://www.coindesk.com/markets/2025/06/23/bitcoin-busts-past-106k-on-reported-iranisrael-ceasefire?utm_source=CryptoNews&utm_medium=app