Bitcoin Rockets Past $106,000 as Israel-Iran Ceasefire Sparks Crypto Frenzy—Here’s Why

Geopolitical calm sends digital assets soaring—while Wall Street scrambles to explain the rally.

Bitcoin’s bull run just got a rocket boost. The king of crypto surged past $106,000 after Israel and Iran agreed to a surprise ceasefire, proving once again that nothing fuels speculative mania like the absence of war.

Meanwhile, traditional finance pundits are busy revising their 'crypto is dead' narratives—right after missing the 200% rally. Classic.

TRUMP ANNOUNCES CEASEFIRE BETWEEN IRAN AND ISRAEL.

BULLISH FOR MARKETS!pic.twitter.com/M9PZM9UsB8

— crypto Rover (@rovercrc) June 24, 2025

Bitcoin Breaks Through Key Level

According to reports, Bitcoin leapt more than 5% within minutes of the ceasefire announcement. It shot past $106,000 before settling just above $105,000.

That’s a sharp rebound after prices dipped below $99,000 at the height of the conflict. Investors who had been on the sidelines scrambled back in, driving trading volumes higher on exchanges worldwide.

Ethereum And Altcoins Move Up

Based on data from market trackers, Ethereum climbed over $2,400 in the hours following the news. A handful of smaller tokens also had a big day. Sei jumped 32%, while dogwifhat surged 20%. Aptos wasn’t far behind, gaining about 10%. When the top coins gain traction, it often pushes smaller projects higher too, and today was no exception.

IRAN CONFIRMS CEASEFIRE AGREEMENT WITH ISRAEL

Iran has officially confirmed it has agreed to a ceasefire with Israel, signaling a critical de-escalation in one of the world’s most volatile conflicts. Markets may react swiftly to the easing geopolitical risk. https://t.co/1HKhmbqEGr pic.twitter.com/868bWekGte

— Crypto Town Hall (@Crypto_TownHall) June 24, 2025

The global cryptocurrency market cap reached $3.21 trillion, with a 4.40% increase in one session. Prior to the ceasefire, investors moved money into gold and the US dollar in case oil supplies were impaired.

“CONGRATULATIONS TO EVERYONE! 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, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at… pic.twitter.com/Tdj8bPUd0w

— U.S. State Dept – NEAR Eastern Affairs (@StateDept_NEA) June 23, 2025

As reports of peace circulated, those same investors funneled cash back into digital assets and equities. You could almost feel the relief in the tickers flashing green across trading screens.

Edul Patel, CEO of Mudrex, told reporters that the market had picked up “bullish momentum” after the ceasefire. He noted that some altcoins rallied as much as 13% in one day.

Market analysts pointed out how traders “bought the dip” when bitcoin briefly tumbled under $99,000, helping it finish the day near $105,000.

Even so, they warn the calm may not be for long. A flare-up in the region or hints of a rate hike from the US Federal Reserve could send prices swinging again.

Traders are celebrating today’s gains, but there’s a sense of caution in chat rooms and trading floors. Peace is welcome, but stability in crypto often depends on more than a single announcement.

For now, though, the market is riding high—and investors are hoping that this ceasefire really does stick.

Featured image from Imagen, chart from TradingView