Former U.S. President Donald Trump's ceasefire announcement regarding Iran and Israel triggered a dramatic cryptocurrency rally on Monday evening U.S. time, with bitcoin momentarily surging past $106,000 before settling near $105,300. Trump declared via Truth Social that a complete ceasefire would commence within six hours, sending shockwaves across global markets. Bitcoin had already rebounded from a 24-hour low of $98,500 earlier in the day, but catapulted nearly 3% within minutes of the news, hitting $106,000 according to real-time Binance BTCUSDT data. Simultaneously, traditional markets reacted: S&P 500 and Nasdaq futures jumped 0.5% while Brent crude oil plunged from $75 to $65 per barrel, reflecting a rapid risk-on shift. Altcoins outperformed dramatically, with ether spiking 9.26% to $2,420 on ETHUSDC pairs and solana soaring 8.05% to $143.57 on SOLUSD. Initial confusion over the ceasefire's validity was partially resolved when Reuters cited a senior Iranian official confirming Tehran's agreement. This volatility climaxed a turbulent 72-hour period where bitcoin swung between $98,500 and $106,000, highlighting crypto's acute sensitivity to geopolitical developments. The oil price collapse specifically reduced inflation hedging demand, accelerating capital rotation into digital assets. Crypto-related equities like Coinbase and MicroStrategy saw after-hours gains mirroring bitcoin's trajectory, confirming institutional cross-market positioning. Historical patterns indicate such geopolitical de-escalation events typically spur 12-48 hour crypto rallies before consolidation, making real-time monitoring critical. The immediate 2.5% BTC retracement from $106,000 to $105,300 demonstrates persistent volatility risks despite bullish momentum. This event reinforces bitcoin's evolving role as a macro hedge instrument, with its 4.4% 24-hour surge on BTCUSD pairs outpacing gold's muted response. Trading volumes exploded during the announcement window, with BTCUSDT pairs recording $1.5 billion in hourly turnover across exchanges—triple the daily average—while ETHUSDC volume hit $205 million, the highest since March according to exchange analytics. Technical indicators flashed extreme conditions: bitcoin's hourly RSI hit 78 at the $106,000 peak before cooling to 62, signaling short-term overbought pressure. Altcoins showed stronger momentum, with SOLETH pairs gaining 2.6% and AVAXBTC surging 6.7% to 0.00022670, indicating capital rotation into high-beta assets. Critical resistance levels were breached, including BTC's $105,000 barrier and ETH's $2,400 threshold on Coinbase, though failure to hold $106,000 exposed immediate support at $103,500. The ETHBTC ratio climbed 3.1% to 0.02296, confirming altcoin season acceleration. Cross-market correlations intensified: the S&P 500 VIX fear index dropped 12% post-announcement, inversely mirroring bitcoin's surge. Oil's 13.3% intraday collapse created a textbook risk-on signal, with historical data showing 80% correlation between crude declines and crypto rallies during Middle East de-escalations. On-chain metrics revealed profit-taking, as Glassnode tracked $300 million in bitcoin moving from cold wallets to exchanges near the $106,000 top. For traders, monitoring crude oil futures remains essential—sustained sub-$70 prices would validate extended crypto gains, while reversal above $72 could trigger profit-taking.