Bitcoin Climbs as Ceasefire Optimism Boosts Risk Appetite—Despite Renewed Tensions

Bitcoin rose 2.6% on Tuesday, climbing to $105,280 as market sentiment briefly improved following a ceasefire announcement between Israel and Iran by U.S. President Donald Trump. However, the truce unraveled within hours, reflecting the volatile geopolitical landscape still weighing on global markets.

Crypto Markets Rally Briefly on Ceasefire Hopes

The initial ceasefire agreement, announced by Trump around 01:00 ET (05:00 GMT), sparked a risk-on rally across equities and cryptocurrencies:

• Bitcoin (BTC) rose 2.6%

• Ethereum (ETH) and other altcoins posted similar short-term gains

• U.S. stock index futures edged higher during early Asian and European trading

You can track Bitcoin and altcoin movements in real-time using the Cryptocurrency Daily API, which provides daily updates across all major tokens and market caps.

Ceasefire Broken Within Hours, Trump Frustrated

Despite Tehran and Jerusalem initially acknowledging the ceasefire, Iran launched attacks on Israel minutes before the truce deadline, reigniting tensions. Shortly after, Israel retaliated, effectively nullifying the deal.

President Trump publicly criticized both nations:

“I'm not happy… Israel struck Iran right after we made the deal.”

A White House source confirmed that Trump had a direct call with Israeli PM Benjamin Netanyahu, where he issued a strong warning about the necessity to uphold the ceasefire.

Bitcoin Holds Steady in Tight June Range

While Bitcoin gained on the initial risk appetite, price action remains range-bound, with $105,000 acting as a key resistance zone. Despite geopolitical headwinds, BTC's technical levels have remained largely stable in June.

Traders and analysts watching macro uncertainty can explore broader market news and historical crypto data via the Cryptocurrency Historical Data API for patterns that reflect past price behavior in war-driven market conditions.

Conclusion

Bitcoin's brief rally reflects the complex interplay of geopolitics and risk appetite. While Trump's ceasefire announcement triggered initial optimism, the rapid breakdown of the truce underscores the unpredictability of Middle East tensions—a key macro variable for crypto traders to monitor closely.