According to @boldleonidas, reports of a ceasefire between Iran and Israel, announced by President Trump, triggered a significant relief rally in the cryptocurrency market. Bitcoin (BTC) price surged nearly 3% to surpass $106,000, recovering sharply from a recent low of $98,500, according to the provided data. The positive sentiment extended to altcoins, with ether (ETH), XRP (XRP), and solana (SOL) posting dramatic gains of 8-10%. This market recovery is further supported by several bullish factors, including hints of a potential Federal Reserve rate cut, ProCap Financial's plan for a public merger focused on bitcoin asset management, and significant spot BTC ETF inflows of $350.6 million, as reported by Farside Investors. However, research analyst Valentin Fournier cautions that geopolitical risks remain, and technical data shows a rise in BTC/USD long positions on Bitfinex, which has historically had an inverse correlation with bitcoin's price.

According to Francisco Rodrigues, Bitcoin rose to near $107,000 amid a U.S.-brokered ceasefire between Iran and Israel, which eased oil supply fears and boosted risk assets. However, Susannah Streeter of Hargreaves Lansdown highlighted doubts about the truce holding, citing a leaked U.S. intelligence report on Iran's nuclear capabilities. Federal Reserve Chair Jerome Powell emphasized patience on interest-rate cuts, with Bitunix analysts noting this supports risk assets but urges monitoring of inflation and tariff developments. Derivatives trader Jake O from Wintermute described neutral positioning around $105,000, with bullish call options targeting $108,000 to $112,000.

According to President Trump on Truth Social, a complete ceasefire between Iran and Israel was announced, driving Bitcoin (BTC) to surge nearly 3% to over $106,000 after a recent low of $98,500. Reuters confirmed the agreement, with altcoins like Ether (ETH), XRP (XRP), and Solana (SOL) gaining 8-10%, while U.S. stock futures rose 0.5% and oil prices fell.