Bitcoin fell over $ 105,000 following a dramatic announcement by President Donald Trump confirming a full ceasefire between Israel and Iran.
Trump said the 12-day war “officially finished” following a 24-hour double-stage ceasefire to be initiated by Iran, then by Israel.
The impact of the Iran-Israeli ceasefire market
Cryptographic markets reacted quickly. During the weekend, Bitcoin dropped below $ 100,000 earlier in the middle of the news of a potential closure of Hormuz. Today, the BTC has rebounded more than 5% on the announcement.
Ethereum also joined, backing over $ 2,400, while the feeling of risk improved broader digital asset market.
The ceasefire has removed immediate fears of a new military escalation and the global oil disruption. In addition, de -escalation was widely planned, as oil prices began to drop earlier despite Iran targeting American bases in Qatar.
Earlier in the day, the Iranian Parliament approved a proposal to close the Hormuz Strait, which manages 25% of world oil shipments.
If this closure had entered into force, it would have greatly increased oil prices, potentially reviving inflation and delaying the central bank reductions.
Instead, the ceasefire reduced energy market pressure and has restored a certain degree of geopolitical stability, which prompted capital to push risk assets.
The markets will closely monitor if the two parties join the 24-hour ceasefire protocol and if the Hormuz Strait remains open.
If the truce holds, macroeconomic stability can come back quickly, increasing the actions and the crypto. However, any renewed violation or tension could return Bitcoin to the territory of risks.
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