24.06.2025 07:48

Early Monday morning, reports emerged of fresh missile launches from Iran, potentially jeopardizing a recently declared ceasefire. This followed Israel's formal acceptance of a US-brokered truce, ending a tumultuous 48-hour period marked by intense escalation in the Iran-Israel conflict and significant geopolitical uncertainty in the markets.

The ceasefire, declared "in effect" by President Donald Trump around 06:08 BST on June 24th according to BBC reporting, came after a final exchange of missile strikes between Tehran and Jerusalem. Prior to the truce, Iran launched a final barrage of rockets towards Israeli territory, resulting in four fatalities in Beersheba. Simultaneously, Iranian state media reported Israeli attacks on Gilan, leading to nine civilian deaths and 33 injuries. Israel subsequently confirmed its acceptance of the ceasefire around 07:10 BST, citing the successful completion of its military objectives and the neutralization of Iran's nuclear and missile capabilities.

This news sparked a dramatic shift in market sentiment, immediately boosting Bitcoin's price. Climbing to $105,155.52, Bitcoin experienced a remarkable 7.6 percent surge from its recent low near $98,000. This upward trajectory mirrored a broader risk-on sentiment, with the Israeli shekel appreciating by one percent and safe-haven assets like oil declining. The rapid recovery in Bitcoin's price also coincided with a general global market rebound, as concerns over a protracted regional conflict diminished.

The Bitcoin price rally inflicted significant losses on short sellers, with over $350 million in liquidations within the past 24 hours. While total liquidations, including long positions, reached $471 million, the overwhelming majority of these losses were incurred by those who had bet against Bitcoin's price. This demonstrates the substantial impact of the unexpected ceasefire and subsequent market shift on cryptocurrency trading.