rewrite this title Bitcoin Surges After Trump Announces Iran-Israel Ceasefire | Crypto Market Recovers

Metaverseplanet.net – Bitcoin prices surged sharply after U.S. President Donald Trump announced that a comprehensive ceasefire agreement had been reached between Israel and Iran. Trump made the announcement via his Truth Social account, stating: “A full and definitive ceasefire agreement has been reached between Israel and Iran.”

Reuters later confirmed that Iranian officials accepted the ceasefire, while Iran’s Foreign Minister clarified that the ceasefire would only be valid if Israel halts its attacks.

Following these developments, Bitcoin climbed by around 6% as Asian markets opened. The cryptocurrency soared from $100,000 to nearly $106,000 during early trading hours before slightly retreating to around $105,000. This rebound helped Bitcoin recover its recent losses.

Bitcoin Dipped Below $100,000 After U.S. Airstrikes

Earlier this week, Bitcoin fell below $100,000 for the first time since early May due to U.S. airstrikes on Iranian nuclear facilities. However, the cryptocurrency didn’t stay at these levels for long and began a recovery as geopolitical tensions began to ease.

U.S. stock futures also reacted positively to Trump’s announcement. S&P 500 futures saw modest gains, and analysts now expect U.S. markets to open higher today.

According to Michaël van de Poppe, founder of MN Capital, the de-escalation of potential global conflict may begin to shift macro-financial dynamics. He suggests that:

A weaker U.S. dollar,

A stronger Chinese yuan,

Gold entering consolidation,

and falling interest ratescould push Bitcoin and the broader crypto market into the biggest bull cycle in history.

Crypto Market Cap Grows by $170 Billion

Trump’s ceasefire announcement sparked a strong rally across the crypto markets, not just for Bitcoin. Over the past 12 hours, total crypto market capitalization surged by around $170 billion, reaching $3.35 trillion.

Ethereum (ETH) saw an 8% gain, reaching $2,400. However, analysts point out that a sustained recovery requires Ethereum to hold above $2,500.

Other major altcoins also recorded strong gains:

Solana (SOL): +9.2%

XRP: +9%

Sui: +16%

Chainlink (LINK): +12.5%

Avalanche (AVAX): +8.5%

This indicates that investor interest in the crypto market is once again rising.

Glassnode: New Bitcoin Pivot Zone at $97,000–$98,000

Blockchain analytics firm Glassnode identified the $97,000–$98,000 range as a technically significant support zone for Bitcoin. Based on their Cost Basis Distribution (CBD) analysis, a large portion of Bitcoin supply has concentrated around this price range.

Glassnode notes that investors often view pullbacks to this level as buying opportunities. During the recent downturn, Bitcoin tested this zone and subsequently rebounded. However, if geopolitical risks intensify again, this zone could play a key role as the next pivot area.

Investor Behavior: Demand Driven by “Faithful Buyers”

Glassnode also examined investor behavior by grouping Bitcoin holders into five categories:

First-time buyers

Momentum traders

Buy-the-dip investors

Loss-sellers

Profit-takers

In the past two weeks, the share of loss-sellers—those exiting the market at a loss—increased by 29%, indicating that weak hands are being flushed out.

Meanwhile, the number of “faithful buyers”—those purchasing during price dips—also rose. This suggests that market sentiment has not completely collapsed, and that some investors are actively working to lower their cost basis and strengthen their positions.

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