Bitcoin Soars 4.5%, Ethereum Jumps 8.86% Amid Ceasefire News

- Bitcoin up 4.5% to $105,458 on ceasefire news - Ethereum jumps 8.86% to $2,424.50 On June 23, 2025, U.S. President Donald Trump announced that Iran and Israel agreed to a ceasefire. Following this news, Bitcoin and Ethereum posted substantial gains, and the announcement also triggered a broader rally in the cryptocurrency market. On June 23 (UTC), The Block reported Bitcoin rose 4.5%, reaching $105,458, while Ethereum climbed 8.86% to $2,424.50, marking an even more significant surge. By Monday evening, other major cryptocurrencies also recorded notable gains. The ceasefire announcement between Iran and Israel created a ripple effect throughout the crypto market, as investors reacted to the potential for geopolitical stability. Consequently, analysts indicated the focus is now shifting to macroeconomic signals, which will help determine if this rally, spurred by the peace agreement, transitions into a longer bull run. According to CoinMarketCap data from 20:00 UTC on June 23, Bitcoin (BTC) was trading at $105,458, and its 24-hour trading volume had increased by 4.5%. Meanwhile, Ethereum (ETH) was trading at $2,424.50, with its 24-hour trading volume up by 8.86%. This surge underscores the significant impact geopolitical developments can have on the cryptocurrency market, and traders and investors continue to monitor broader economic conditions.