War harms me, and peace does not save me. Who can explain to my wallet, which is full of scars?
Written by: Bright, Foresight News
On the morning of June 24, as Trump announced Iran's full agreement to a comprehensive ceasefire, the cryptocurrency secondary market rebounded after last night's panic over the escalation of war. BTC temporarily fell below $100,000 but rebounded to surpass $106,000, with many altcoins moving to recover. Due to the situation in the Middle East, BTC has been in a continuous correction for nearly a week, with yesterday's low touching $98,200, and today it quickly rebounded to $106,075, with an increase of over 8.02%.
However, the latest news is that Iran denied reaching a substantive ceasefire agreement. As of the time of writing, Bitcoin is quoted at around $105,000.
ETH has performed relatively weakly after a wide decline and has not yet returned to the previous $2,500 platform. After dipping to $2,111 yesterday, ETH rebounded to surpass $2,440, an increase of over 15.58%. SOL rebounded strongly, recovering to $147 after touching a low of $121 yesterday, an increase of 21.48%, but may have been sold off by large holders due to cooling on-chain activity. SOL still has a significant gap to the recent high of $187.71.
The total market value of cryptocurrencies has rebounded more than 6% from its low, rising to $3.3 trillion. As risk aversion eases and altcoins collectively rebound, Bitcoin's market share has slightly decreased from its peak to 63.49%, but the altcoin season index remains low at 14, with the fear and greed index falling to 37, indicating fear. During the same period, US stocks closed slightly higher overall. The S&P 500 index rose 0.96% to 6025.17 points. The Dow Jones Industrial Average rose 0.89% to 42581.78 points. The Nasdaq rose 0.94% to 19630.98 points. Among US cryptocurrency stocks, Circle hit a new high, surpassing $298.41 during trading, having increased more than 9.62 times from its issue price of $31, closing at $263.45. Coinbase fell slightly by 0.26% after a rise, stabilizing at the $300 mark with a closing price of $307.59. Meanwhile, MicroStrategy continued to decline, falling 0.68% and closing at $367.18.
In terms of liquidation data, according to Coinglass, over the past 24 hours, more than 135,600 people were liquidated, with a total liquidation amount of $495 million, $380 million from short positions and $115 million from long positions, with short positions being the main part. The largest single liquidation on CEX was for ETH-USDT, occurring on Binance, valued at $12.1423 million.
Recently, the movements of Bitcoin and other risk assets have been closely related to the conflict between Israel and Iran. Last night, the 'loud thunder and little rain' scenario between Iran and the US did significantly affect market risk aversion. Subsequently, the lack of substantial damage to US military bases and Iran's relatively 'weak' retaliatory actions facilitated a slight rebound in risk assets. This morning, the confirmation of a comprehensive ceasefire agreement between Israel, Iran, and the US has temporarily marked an end to geopolitical uncertainties in the Gulf region, triggering a sustained warming of risk assets such as Bitcoin. However, the latest statements from Iran have raised concerns about the sustainability of this brief 'peace.'
A tense night in the Gulf.
Iran: Has launched 'destructive and powerful' missiles at the US military base in Qatar.
On the evening of June 23, local time, and in the early hours of June 24 Beijing time, Iranian media reported that Iran announced missile strikes against US bases in Iraq and Qatar. Meanwhile, explosions were heard in the capital of Qatar, Doha, and US media reported that Iran launched multiple missiles at the US base located in Qatar.
The Al Udeid Air Base, located about 35 kilometers southwest of Doha, is the most modern military base of the US in the Gulf region and one of the largest overseas military bases of the US, with over 10,000 US soldiers stationed there.
Subsequently, the Iranian armed forces issued a statement announcing missile strikes against the US military base at Al Udeid in Qatar. The statement said that this action was a response to the US attack on Iran's nuclear facilities, approved by Iran's Supreme National Security Council, and carried out by the Islamic Revolutionary Guard Corps. The statement claimed that the Iranian armed forces launched 'destructive and powerful' missiles at the US military base in Qatar.
At the same time, the Secretariat of Iran's Supreme National Security Council issued a statement saying that in response to the US's aggressive actions against Iran's nuclear facilities, the Iranian armed forces launched a fierce attack on the US military base at Al Udeid in Qatar that night. The number of missiles used was the same as the number of bombs used by the US in attacking Iran's nuclear facilities, and the targeted US base is far from residential areas and urban infrastructure in Qatar. The statement emphasized that this action poses no threat to Iran's friendly nation, Qatar, and that Iran remains committed to maintaining its long-standing friendly relations with Qatar.
Qatar: Successfully intercepted 19 missile attacks targeting Al Udeid Air Base, with no casualties.
After Iran confirmed the missile strike on the US Al Udeid Air Base in Qatar on the 23rd, the Qatari Ministry of Defense issued a statement confirming that Qatar's air defense system successfully intercepted 19 missile attacks targeting the Al Udeid Air Base that day, with no casualties.
Qatar also stated that prior to Iran's attack, the Al Udeid Air Base had completed its evacuation.
US side: Trump entered the White House Situation Room, stating that he does not wish for further military involvement by the US in the Middle East.
During the lunch session of US stocks on Monday, the 23rd Eastern Time, US government officials stated that Trump met in the White House Situation Room with the Secretary of Defense and members of the Joint Chiefs of Staff. Two informed officials revealed that the US is tracking multiple missiles launched by Iran towards US military facilities in Qatar and Iraq.
The US side stated that there were no casualties from the Iranian attack on the US base in Qatar. It also said that aside from Qatar, 'no attacks by Iran on US bases in other countries were recorded.'
Subsequently, White House officials reported that Trump does not wish for further military involvement by the US in the Middle East.
A peace that was long agreed upon?
Trump: No one was injured on the US side from the Iranian attack, perhaps Iran can begin to realize peace.
On Monday, just before the close of US stocks, Trump posted on his social media platform Truth Social that Iran's response to the US destroying its nuclear facilities is 'very weak' and 'thanks Iran for notifying the US in advance.'
According to CCTV News, Trump stated on his social platform that 'Iran's formal response to the US destroying its nuclear facilities is very weak, which was expected in the US.' Trump said, 'Iran launched 14 missiles, of which 13 were shot down, and 1 flew in a non-threatening direction. No Americans were injured, and there was almost no damage.'
At the same time, Trump's post stated that there were no injuries on the US side due to Iran's advance notice. Since Iran has responded to the attack on its nuclear facilities, 'I hope there will be no more hatred in the future.' He also said, 'Maybe Iran can now begin to realize peace and harmony in the region, and I will enthusiastically encourage Israel to do the same.'
Trump: Israel and Iran have agreed to a comprehensive ceasefire agreement.
US President Trump announced that Israel and Iran have agreed to a comprehensive ceasefire agreement aimed at ending a military conflict that has lasted 12 days, severely impacting the geopolitical landscape of the Middle East and causing global market turmoil. It was reported that senior Iranian officials confirmed that Tehran has agreed to a ceasefire agreement with Israel mediated by Qatar, proposed by the US.
However, it is reported that on the 24th local time, Israeli Prime Minister Netanyahu requested cabinet members not to comment on the recent development of 'Trump announcing agreement between Israel and Iran on a comprehensive ceasefire' until further notice at the end of a cabinet meeting. The latest news indicates that the Iranian foreign minister stated that there is currently no 'agreement' between Israel and Iran regarding a ceasefire or cessation of military actions, but they are willing to stop here.
The Fed's dovish tone re-emerges.
Fed Governor Bowman expressed her support for a rate cut as early as July. Bowman noted that data shows tariffs and other policies have not yet had a significant impact on the economy. The effects of tariffs on inflation may be more delayed and less significant than initially expected, especially since many businesses have stocked up in advance. Ongoing trade and tariff negotiations have significantly reduced risks in the economic environment. Changes in trade policy may only have a minimal impact on the Fed's preferred inflation indicators. In contrast, risks in the labor market may be rising.
Chicago Fed President Goolsbee stated that since the tariffs imposed by Trump on April 2, there has been a lack of noticeable inflationary pressure, which may allow the Fed to lower interest rates again. He recalled that the Fed anticipated rate cuts at the beginning of the year and paused rate cuts mainly due to policy uncertainty.
Currently, Bitcoin has rebounded significantly after briefly hitting a low, moving away from the dangerous platform zone of $97,000. Trader Eugene posted that BTC successfully held the $100,000 mark, and he anticipates this is the peak of panic caused by the entire Middle East situation. Currently, BTC prices are maintained in the range of $100,000 to $110,000, and if the market gradually diminishes the impact of geopolitical conflicts, it is expected to challenge the upper end of this range.
