Bitcoin surged past the $105,000 mark following reports of a ceasefire agreement between Iran and Israel, marking a significant recovery from its recent drop below $100,000.
The price rebound reflects reduced geopolitical uncertainty that had previously weighed on investor sentiment. Major altcoins including Ethereum, XRP, and Solana also posted notable gains amid the broader market upswing.
Historically, military escalations in the region have triggered substantial volatility in cryptocurrency valuations, with Bitcoin serving as a barometer for market sensitivity to global conflicts. The current rally underscores how geopolitical developments continue to significantly influence digital asset performance.
While the ceasefire has instilled renewed confidence among investors, financial analysts caution that unpredictable geopolitical risks remain a persistent threat to market stability. Ongoing vigilance is advised as shifting international tensions could rapidly alter market dynamics.