Bitcoin Surges 4% Amid Iran-Israel Ceasefire Talks, Hits $106K Briefly

Last Updated:June 24, 2025, 11:24 IST

Bitcoin spiked to $105,209.86 before dipping below $103,400. Weekly, BTC fell 4.40% due to geopolitical tensions. A ceasefire announcement renewed bullish sentiment.

Bitcoin Price: Bitcoin (BTC) showed notable volatility over the past 24 hours, briefly spiking to $105,209.86—a 4.20% jump, according to real-time data from CryptoCompare. Other platforms reported varying figures, with CoinDesk noting a dip below $103,400 before BTC rebounded to $103,127.30, reflecting a 3.65% increase. CoinMarketCap pegged the price at $103,889.77, up 5.36%, with a 24-hour trading volume of $60.43 billion. These variations highlight the ongoing price sensitivity and liquidity differences across major exchanges.

The past week hasn’t been easy for Bitcoin. As per CoinGecko, BTC saw a 4.40% weekly decline, tumbling from around $111,953.60 to a low of $98,249.20, as reported by Investing.com. Analysts attribute the drop to rising macroeconomic tensions and geopolitical uncertainty—particularly heightened conflict in the Middle East. Reports of U.S. airstrikes in Iran triggered risk-off sentiment, pushing investors toward traditional safe-haven assets like the U.S. dollar and treasuries, as noted by Cointelegraph and various X (formerly Twitter) commentators.

However, the tide turned after former U.S. President Donald Trump reportedly announced a ceasefire between Iran and Israel. According to the CoinDCX research team, this triggered renewed bullish sentiment, with Bitcoin surging past $106K briefly, forming a strong bullish candle. While most top altcoins saw mild gains, smaller tokens like SEI jumped nearly 35%, with WIF and SPX also rising over 20%.

In a significant policy shift, the U.S. Federal Reserve removed the ‘reputational risk’ clause that had previously discouraged crypto involvement—an encouraging move for institutional investors. Meanwhile, MicroStrategy CEO Michael Saylor added another $26 million worth of BTC at $105.8K, increasing his firm’s holdings to 592,345 BTC, worth $41.87 billion. Europe’s The Blockchain Group also added 75 BTC to its treasury. Spot Bitcoin ETFs continued their winning streak with $350 million in net inflows, while Ethereum ETFs recorded $101 million with no outflows.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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