Bitcoin has started to soar again with Trump's announcement on Iran-Israel and the news of the ceasefire! - Coin Bulletin

Bitcoin (BTC) price experienced a sudden rise, surpassing the critical resistance level of 106 thousand dollars, following the announcement of a ceasefire between Iran and Israel by U.S. President Donald Trump.

Recently, the cryptocurrency market shaken by geopolitical tensions has been relieved by Trump’s surprise ceasefire announcement. Trump announced on the social media platform Truth Social that a “full and comprehensive ceasefire” between Iran and Israel would begin within a few hours. A senior Iranian official who spoke to Reuters also confirmed this statement.

Last weekend, the price of Bitcoin, which had dropped to 98 thousand 500 dollars, rose by about %3 in a short time with this development, surpassing 106 thousand dollars. With this rise, the market also showed signs of recovery, overcoming the approximately 600 million dollars liquidation shock experienced over the weekend.

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There is a lot of activity in altcoins

The ceasefire news has led to more pronounced rises, especially in leading altcoins such as Ethereum (ETH), Solana (SOL), and Cardano (ADA). The ETH price increased by 7%, surpassing 2,400 dollars, while the SOL price reclaimed support levels of 140 dollars, and ADA also returned to the support level of 0.50 dollars.

Investors are turning to altcoins

According to experts, investors’ renewed interest in altcoins could be the first signs of normalization in the market. The decline in oil prices and the recovery in U.S. stock futures have increased investors’ risk appetite. However, analysts also remind that profit-taking in excessively rising altcoins could start again in the short term.

On the other hand, the fact that Bitcoin remains permanently above 100 thousand dollars indicates that the cryptocurrency has strengthened as a long-term macro economic hedge. Experts note that the interest of institutional investors and the increase in Bitcoin ETF demand could support the BTC price in the long term.