Crypto Markets Surge as Trump-Brokered Iran-Israel Ceasefire Calms Global Tensions

Bitcoin and major altcoins rallied Monday evening after former U.S. President Donald Trump announced a landmark ceasefire agreement between Iran and Israel, halting nearly two weeks of escalating conflict that had roiled global markets.

Bitcoin climbed 4.5% over 24 hours to $105,458, bouncing back from an earlier dip near $100,500. Ethereum surged even more, jumping 8.86% to $2,424.5. The broader altcoin market followed suit: XRP gained 7.4% to reach $2.16, and Solana soared nearly 10% to $144.8.

The spike comes on the heels of Trump’s announcement on Truth Social at 6 p.m. Monday, declaring that both Iran and Israel had agreed to a phased ceasefire. “Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE,” Trump wrote. “Upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World.”

The ceasefire follows a volatile weekend that saw U.S. airstrikes on Iranian targets, intensifying fears of a wider regional war. With tensions now cooling, digital asset markets appear to be regaining footing, fueled by returning institutional flows and renewed investor risk appetite.