Bitcoin Soars to $105K as Middle East Truce Sparks Rally – Where’s the Ceiling?

Bitcoin just punched through $105,000—because nothing fuels crypto like geopolitical whiplash. The 'digital gold' narrative gets its shine back as Middle East tensions ease, but let’s see how long the peace (and the pump) lasts.

The Truce Bounce:
Markets love certainty—or at least the illusion of it. With conflict risks fading, capital’s flooding back into risk assets. Bitcoin’s 24-hour surge? A masterclass in volatility theater.

Next Stop, ATH?
Traders are already eyeing the next resistance levels. If this rally holds, we could see a retest of all-time highs. Unless, of course, Wall Street ‘discovers’ another reason to short crypto—maybe UFO sightings over the Fed?

Cynic’s Corner:
Nothing unites hedge funds and crypto degens quite like profiting from war and peace. Just don’t ask who’s actually buying the dip.

Bitcoin Hits $105K After Trump Announces Israel-Iran Ceasefire

“Israel & Iran came to me, almost simultaneously, and said, ‘PEACE!’ I knew the time was NOW. The World, and the Middle East, are the real WINNERS! Both Nations will see tremendous LOVE, PEACE, AND PROSPERITY in their futures,” stated Trump on social media.

“They have so much to gain, and yet, so much to lose if they stray from the road of RIGHTEOUSNESS & TRUTH. The future for Israel & Iran is UNLIMITED, & filled with great PROMISE,” he wrote.

"CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE…" –President Donald J. Trump pic.twitter.com/hLTBT34KnG

The ceasefire came after Iran launched missiles at a U.S. military base in Qatar. The retaliation has not caused substantial damage or casualties.

Since Trump announced the ceasefire, Israel has accused Iran of initiating another round of attacks. Iran denied the claimed attack.

“ISRAEL is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave’ to Iran. Nobody will be hurt, the Ceasefire is in effect!” wrote Trump.

On the cryptocurrency-based prediction site Polymarket, the possibility of a ceasefire between Israel and Iran has jumped to 99% from the previous 8% on June 23. The chance of a U.S.-Iran nuclear deal remains fluctuating with a current Polymarket possibility of 44%.

“IRAN WILL NEVER REBUILD THEIR NUCLEAR FACILITIES!” said Trump.

Polymarket Users Bet on Peace as Platform Eyes $200M Raise

According to The Information, Polymarket is in talks to raise $200 million in the latest round of funding with a valuation of over $1 billion.

The decentralized platform raised $70 million from two recent rounds in May, including a Series A of $20 million led by General Catalyst and a $45 million Series B funding round led by Founders Fund.

Bitcoin’s sharp reaction has revived discussion about its use as a geopolitical risk asset. Traders moved quickly following the ceasefire news, reinforcing the view that crypto can respond faster than traditional markets during global uncertainty.

Polymarket’s activity represents growing interest in decentralized tools for gauging political outcomes. The platform’s rising volume suggests users are turning to crypto-based prediction markets for faster insights on diplomacy, conflict, and major international decisions.

Frequently Asked Questions (FAQs)

Polymarket uses blockchain infrastructure to settle predictions on-chain, providing transparent odds and rapid resolution of outcomes.

Outcomes on Polymarket are resolved using third-party oracles and predefined criteria, reducing subjective intervention. Disputes are resolved via decentralized governance, which supports integrity and transparency.

As the platform gains traction and funding, it may attract attention from U.S. regulators, especially given the uncertain legal classification of prediction markets in jurisdictions like the United States.