Bitcoin and major altcoins surged after a surprise ceasefire between Iran and Israel, reigniting bullish sentiment.
Institutional investors poured $1.24B into crypto funds this week, marking ten straight weeks of inflows.
With inflation fears cooling and macro conditions stabilizing, crypto appears poised for sustained growth.
The cryptocurrency market has staged a recovery after U.S. President Donald Trump announced a “complete and total” ceasefire agreement between Iran and Israel. The move, which de-escalates the Israel-Iran conflict, sparked a surge in risk appetite among investors, sending Bitcoin 3% higher to reclaim the key $105,000 level.
The market-wide rally began late Monday after President Trump’s announcement on Truth Social was followed by confirmations from senior Iranian officials, according to Reuters. The de-escalation caused a sharp reversal from the risk-off sentiment that had gripped markets.
Ceasefire Sparks Broad Market Rally
Markets responded swiftly and decisively. Bitcoin, already recovering from weekend lows of $98,500, surged another 3% on the news, briefly crossing $106,000 before stabilizing near $105,300.
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