Crypto markets rally as Trump announces two-week Iran ceasefire
Crypto markets surged after Donald Trump announced a two-week Iran ceasefire, liquidating $600 million in short positions and driving Bitcoin toward $73,000.Summary
Crypto markets experienced a significant rally following U.S. President Donald Trump's announcement of a two-week ceasefire in Iran, which eased geopolitical tensions. Bitcoin climbed to approximately $72,700, while ether rose 6% to $2,250. The market shift triggered the liquidation of over $600 million in futures bets, primarily affecting bearish short positions that had anticipated a conflict escalation.
Despite the gains, analysts note that Bitcoin must break the $75,000 resistance level to confirm a definitive move out of its current multi-month trading range. The broader market sentiment remains cautiously optimistic as traders await the outcome of the ceasefire period, while altcoins like ZEC, MON, and ZRO saw substantial double-digit percentage gains.
(Source：CoinDesk)