BTC Surges 3.83% to $105,657 as Ceasefire Boosts Confidence, $1B Liquidations Rock Market

Bitcoin (BTCUSDT) experienced a 3.83% price increase over the past 24 hours, with the current price at $105,657.95 on Binance, up from a 24-hour open of $101,756.74. The price surge is primarily attributed to easing geopolitical tensions following the announcement of a ceasefire between Iran and Israel by the U.S. President, which restored investor confidence after recent volatility caused by US-led airstrikes on Iran. Over $1 billion in leveraged crypto positions were liquidated as a result of these events, impacting more than 240,000 traders and contributing to heightened market activity. BTC’s market capitalization is approximately $2.10 trillion, with a 24-hour trading volume of $28.21 billion and a market dominance of 64.41%, reflecting renewed optimism and strong trading momentum across the broader cryptocurrency sector.