Crypto prices jumped on Monday evening after U.S. President Donald Trump announced on social media that Iran and Israel had agreed to halt fighting, bringing an end to several days of airstrikes.
Bitcoin Bounces Back After Ceasefire News
Bitcoin surged 5% on Monday, crossing the $105,000 mark following Trump’s unexpected announcement.
According to CoinGecko, Bitcoin is now trading at approximately $105,550—almost fully recovering to its Friday price before a steep drop over the weekend.
The leading cryptocurrency had slipped below $100,000 on Sunday after U.S. airstrikes struck Iranian nuclear facilities late Saturday. However, it began rebounding by the end of the weekend and regained momentum following the ceasefire update.
Altcoins Surge Alongside Bitcoin
Other top cryptocurrencies also saw strong gains after news of the ceasefire broke.
Ethereum rose to $2,408, climbing 9% in the past 24 hours after falling 10% earlier on Sunday. Solana spiked 11%, Dogecoin jumped 10%, while both XRP and Cardano each gained 9%.
According to CoinGlass, roughly $503 million worth of crypto positions were liquidated in the last 24 hours. The majority came from short positions, which are trades that bet on falling prices.
What Happened?
Earlier on Monday, Iran launched missile strikes on military targets in Qatar in retaliation for U.S. attacks on its nuclear sites.
Iran described the operation as a “mighty and victorious” response. The Islamic Revolutionary Guard Corps (IRGC) said the assault, targeted Al Udeid Air Base, the largest U.S. military installation in the region.
Witnesses in Doha reported seeing explosions and interceptor activity in the skies. Qatari authorities later confirmed that all incoming missiles were neutralized. Both U.S. and Qatari officials reported no damage or casualties.
While the ceasefire has sparked a rapid recovery in crypto markets, the sudden escalation underscores just how fragile the situation remains. For crypto traders, this kind of geopolitical uncertainty can drive sharp price swings.
As ceasefire hopes grow, investors are watching closely to see whether this marks a true path to peace, or just a brief pause in a broader conflict that continues to shake global markets.