Bitcoin rises to $ 106,000 amid Donald Trump’s statements

The announcement of a complete ceasefire between Israel and Iran by U.S. President Donald Trump has had a significant impact on global financial markets and caused a sharp rise in the price of bitcoin BTC $106,022.29 Bitcoin 2.92% Market capitalization $2.11 trillion VOL. 24 hours $2.36 billion . After 12 days of armed confrontation, the parties agreed to end hostilities, which was confirmed by statements by Iranian officials.

Immediately after this news, bitcoin rose by about 6%, from just over $ 100,000 to a high of almost $ 106,000 during trading in Asia. Later, the price fell back to over $ 105,000.

Prior to that, the market leader temporarily fell below $ 100,000 for the first time since early May due to US strikes on Iran’s nuclear facilities. However, this drop did not last long, and the cryptocurrency quickly regained ground amid news of political warming in the Middle East.

Traditional markets also reacted to the positive news: S&P 500 futures rose slightly, indicating that the US stock index is expected to rise. Experts note that with the disappearance of the risks of a large-scale war, the macroeconomic situation may change significantly in favor of cryptocurrencies.

In general, the capitalization of the digital asset market increased by $ 170 billion in a few hours, reaching $ 3.35 trillion. Among the leaders of the recovery are Ethereum ETH $2,459.70 Bridged Ether (StarkGate) 6.76% Market capitalization $0.15 billion VOL. 24 hours $1.72 billion (7%), Solana SOL $144.59 Binance-Peg SOL 4.07% Market capitalization $0.16 billion VOL. 24 hours $0.56 billion (7.6%), Sui SUI $2.78 Sui 7.81% Market capitalization $9.46 billion VOL. 24 hours $0.25 billion (11.5%), Chainlink LINK $13.46 Chainlink 11.55% Market capitalization $9.13 billion VOL. 24 hours $67.9 million (10.7%), Avalanche AVAX $18.15 Binance-Peg Avalanche 5.43% Market capitalization $36.3 million VOL. 24 hours $60.49 million (8.5%) and Hedera (12%).