Ceasefire or Market Mirage? Trump Claims Israel-Iran Deal as Bitcoin Soars Over 4%
TradingKey – Bitcoin surged more than 4% on Tuesday, June 24, rebounding sharply to reclaim the $105,000 level after former U.S. President Donald Trump claimed a full ceasefire agreement between Israel and Iran.
Bitcoin (BTC) jumped from a low of $98,000 to a session high of $106,074, and was last trading around $105,159.
Bitcoin Price Chart – Source: TradingView.
Trump made the announcement on Truth Social, declaring that Israel and Iran had reached a “complete and total ceasefire”. The post sparked a swift reversal in Bitcoin’s price, erasing nearly four days of losses.
However, Iranian officials denied the claim. The country’s foreign minister stated that no ceasefire or military agreement had been reached, while an advisor to Iran’s parliamentary speaker called Trump’s statement a “provocative stunt.”
Israel has not issued any official confirmation, and Prime Minister Benjamin Netanyahu reportedly instructed cabinet members to refrain from commenting on Trump’s remarks until further notice.
While the ceasefire remains unconfirmed, Bitcoin’s recovery above $105,000 has reignited bullish sentiment, with traders eyeing further upside if geopolitical tensions ease.
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