Bitcoin (BTC) Rebounds Above $104K Following Trump’s Ceasefire Declaration

In a dramatic turn of events, Bitcoin (BTC) has surged back above the $104,000 mark after dipping perilously close to $100,000 amid escalating geopolitical tensions. 

The rebound came shortly after U.S. President Donald Trump announced a ceasefire agreement, easing market fears following Iran's missile strike on a U.S. military base in Qatar. 

This sequence of events illustrates how sensitive the cryptocurrency market remains to global political shocks—and how quickly it can recover when tensions cool.

Geopolitical Tensions Trigger Sharp Decline

The market turmoil began after Iran launched a missile strike on a U.S. military base located in Qatar. 

Initially, the incident sent shockwaves through global markets, leading to steep losses across equities, commodities, and particularly in cryptocurrencies. Bitcoin tumbled rapidly, touching the $100,000 threshold, while Ethereum and major altcoins followed with significant drops.

However, new details quickly emerged suggesting that the missile strike was largely symbolic. Iran had reportedly notified both U.S. and Qatari officials in advance of the attack, and no casualties were reported. 

This signaled a de-escalation of immediate danger, preventing further panic across financial markets.

READ ALSO: Is Iran's Strait of Hormuz Closed? Post Missile Condition Update

Trump’s Statement Sparks Market Relief

U.S. President Donald Trump then took to the podium to deliver a calming message that acted as a turning point. In his speech, Trump confirmed that Iran’s nuclear infrastructure had been dismantled and referred to Iran’s retaliation as “weak.” 

He even thanked Iranian officials for giving prior notice, and concluded his statement with a call for peace: “Now is the time for peace.”

These remarks were perceived as a de facto ceasefire and a step back from the brink of wider conflict. In response, markets—including crypto—began to stabilize and reverse their earlier losses.

Bitcoin and Altcoins Bounce Back

As geopolitical anxiety cooled, the cryptocurrency market saw a powerful rebound. Bitcoin climbed back above $104,000, with Ethereum reaching the $2,400 mark. Among major altcoins, Solana led the charge with a nearly 10% increase in value.

This rebound occurred despite the day’s extreme volatility and heavy liquidations. According to data from crypto analytics platforms, over $389 million worth of positions were liquidated in the past 24 hours. 

Short positions accounted for $281 million of that figure, indicating that many traders were caught off guard by the market’s sudden shift in momentum.

Interestingly, Ethereum saw more liquidations than Bitcoin: $122 million versus $121 million, respectively. This highlights Ethereum’s growing role as a key player in the crypto space, with traders increasingly taking high-leverage positions on the network.

Conclusion

Bitcoin’s climb back above $104,000 underscores how swiftly crypto markets can recover after panic-driven sell-offs, particularly when political tensions ease. 

Trump’s ceasefire announcement not only signaled a potential turning point in Middle East diplomacy but also injected new life into a shaken crypto market. 

While volatility remains a key feature of digital assets, the recent rebound demonstrates the market’s resilience and its deep entanglement with global affairs.

READ ALSO: Iran Strikes Back After US Missile Launch: Israel Back in Crumbles

FAQs

1. Why did Bitcoin drop below $100,000?

The drop was triggered by Iran’s missile attack on a U.S. base in Qatar, which rattled global financial markets.

2. What caused the recovery in crypto prices?

The recovery began after reports confirmed the missile strike was symbolic and President Trump announced a ceasefire.

3. How much crypto was liquidated during the turmoil?

Approximately $389 million was liquidated within 24 hours, with $281 million coming from short positions.

4. Which altcoin saw the highest gains?

Solana led the recovery among altcoins with an increase of nearly 10%.

5. Is Bitcoin’s rise sustainable?

While the rebound is promising, future stability will depend on ongoing geopolitical developments and market sentiment.