The crypto market rebounded during early Asian trading hours Tuesday after U.S. President Donald Trump announced that a ceasefire between Iran and Israel had come into effect, triggering a sharp comeback across Bitcoin and major altcoins. The move seems to have largely erased recent war-driven market anxiety, fueling renewed bullish sentiment. Markets Gain As Tensions Ease Relief from the Middle East conflict in the form of a surprise ceasefire spurred a crypto and risk-asset rally. President Trump posted on Truth Social that a full ceasefire agreement had been reached by both Israel and Iran. “Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World,” Trump wrote. Crypto markets have turned nicely higher, with Bitcoin (BTC) now up by 5.1% over the past 24 hours to $106,017 after the brutal Sunday-Monday crash. The premier crypto had plummeted below the psychologically important $100,000 level on Sunday before staging its recovery. Bitcoin has historically trended positively during times of global unrest. During major events like the US–Iran conflict in 2020, Russia’s attack on Ukraine in 2022, and now the Iran–Israel war of 2025, Bitcoin has demonstrated remarkable price stability. While it does not act like a traditional safe haven, it usually behaves like an uncorrelated hedge in systemic uncertainty. Ether (ETH), the industry’s second-largest crypto by market cap, is ahead 10.6% to trade back above $2,455. Ripple-promoted cryptocurrency XRP surged 11.2% in the past 24 hours. The crypto’s double-digit spike comes after Arthur Britto, co-founder of Ripple and the XRP Ledger (XRPL), posted on X for the first time in nearly 14 years. According to market data, Solana’s SOL, Cardano’s ADA, and Dogecoin (DOGE) also rose between 9.6%-10% following the news of a possible ceasefire between Iran and Israel.
