As Iran and Israel announced a ceasefire, the cryptocurrency market, including Bitcoin (BTC), rebounded on the morning of the 24th.
Donald Trump, the former US President, stated on his social media platform 'Truth Social' that "a complete ceasefire agreement has been reached between Israel and Iran."
Trump said that Iran would start the ceasefire, and after 12 hours, Israel would begin its ceasefire, with the war ending 24 hours later. He added, "24 hours from now, the world will see that the war that has been ongoing for 12 days is officially over."
Qatar media also reported on the 24th that "Iran has accepted the US ceasefire proposal."
As the war between Israel and Iran, which had been causing fear in the asset markets, entered a ceasefire phase, Bitcoin rose by about 4.5%, breaking through $105,000.
Altcoins, which had recorded high declines during the war as "risky assets," rebounded by an average of over 5%. Major altcoins such as XRP, SOL, ADA, and SUI recorded around 10% growth.
Seung-won Kwon, Reporter ksw@blockstreet.co.kr
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