🚀 Bitcoin Soars Past $105K as Trump-Brokered Israel-Iran Ceasefire Ignites Market Rally

Geopolitical shockwaves send crypto into overdrive—again.

Bitcoin just ripped through $105,000 like a bunker-buster through market resistance. The trigger? A surprise Middle East ceasefire announcement from former President Trump that's got traders scrambling to reposition.

Ceasefire = risk-on

Markets are treating the de-escalation as a green light for speculative assets. Never mind that the same institutional analysts who called crypto 'too volatile' last week are now quietly increasing allocations—classic Wall Street hypocrisy at its finest.

Technical breakout confirmed

The move comes as BTC shattered its previous ATH with violent conviction. Chartists point to clean breaks of both psychological and Fibonacci resistance levels. 'When geopolitics and technicals align, you get these explosive moves,' says one hedge fund manager currently repositioning his gold holdings.

What's next?

All eyes now turn to whether this marks the start of a sustained bull run or just another pump before the inevitable 'buy the rumor, sell the news' retracement. Either way—the crypto market just got its most potent dose of hopium since the last Fed pivot.

BTC has gone down 1.2% in the past week and 3.6% in the past two weeks. The past month has seen the cryptocurrency fall by nearly 2%.

Not only that, Bitcoin’s market cap also enjoyed a 3.24% boost, climbing up to $2.09 trillion following the recent price surge. Additionally, BTC’s trading volume also saw a 6.9% increase compared to the previous day, amounting to $52.8 billion based on current market prices.

Even the wider crypto market cap has experienced a 2.1% surge after news of the ceasefire broke, amounting to $3.36 trillion.

A ceasefire signal between Israel and Iran may have eased investor concerns for now. crypto markets often recover quickly when geopolitical fears recede. However, traders still have their eyes on the continuing conflict between Israel and Iran.

Despite the agreed upon deal between the two countries, brokered by Donald TRUMP and Qatar, Israel’s Defence Minister Israel Katz accused Iran of violating the ceasefire only two hours after the deal was announced.

According to the BBC, despite Iran furiously denying the accusation, Israel plans to “respond forcefully to Iran’s violation of the ceasefire with intense strikes” targeting the nation’s capital in Iran. It remains to be seen whether Israel will follow through with the threat, and how it will affect Bitcoin and the wider crypto market.