24.06.2025 18:45
Following a declaration by Donald Trump of a complete ceasefire between Iran and Israel, the cryptocurrency market experienced a significant upswing on Tuesday. This dramatic reversal erased recent losses fueled by escalating geopolitical tensions in the Middle East.
Bitcoin, having recently reached a six-week low of $98,000, jumped to over $105,000, demonstrating a nearly 4% increase within 24 hours. Simultaneously, Ethereum, Solana, and Ripple all experienced substantial gains, exceeding 7% each. This surge across major cryptocurrencies highlighted the market's sensitivity to shifts in global political stability.
The positive momentum wasn't limited to the largest cryptocurrencies. Memecoins, which had suffered a sharp downturn amid the conflict, staged a remarkable comeback. Dogecoin climbed 9%, Shiba Inu jumped 10%, and PEPE surged by a considerable 12%. This rally marked a clear repudiation of the previous weekend's pessimistic sentiment driven by war fears.
Artificial intelligence (AI) tokens also participated in this broad-based rally, demonstrating robust double-digit growth. Prominent examples include Bittensor, Internet Computer, Near Protocol, Artificial Superintelligence, Render, and Virtual Protocol. The collective increase in the AI token sector reached 9%, reflecting a renewed investor confidence spurred by Trump's announcement.
The market's rapid response to Trump's announcement, confirmed via his Truth Social account, underscores the significant impact of geopolitical events on cryptocurrency valuations. While initial uncertainty surrounding the ceasefire persists, Augustine Fan, head of insights at SignalPlus, expressed a belief that the market will soon stabilize and recover from this recent geopolitical disruption, indicating a prevailing sense of optimism amongst some market analysts. This sentiment suggests a broader expectation of a return to more normalized trading conditions in the near future, after the initial surge spurred by the unexpected ceasefire announcement.
