President Trump or POTUS announced a ceasefire between Iran and Israel on Tuesday 24th June. This turned out to be a remarkable day for the Crypto Market because during the surgical strikes the entire market was jammed. The BTC was traveling back in time because it was losing its value alongside the other crypto currencies and the investment was deteriorating. “It has been fully agreed between Iran and Israel that there will be a complete and total ceasefire.” POTUS shared this through Truth social.
Following this the Crypto market is witnessing a huge pump up and Bitcoin or BTC jumped up a 2% in value and rose from $104,000 to $106,000. This was a huge jump in the market as of Tuesday from the data through the Binance. Other currencies are also making headlines and showing a bullish trend whilst XRP gained 5% over this period. Moreover, Solana raised its value to 3% more and Ethereum to 6% in value. All in all, the crypto market also added in capital value in the market. This becomes 3.27 trillion dollars from 3.19 trillion dollars. The investors are celebrating this happening in the market.
Crypto Market Struggled in the War but showing Bullish Trends Now
The crypto market struggled since the conflict started between the two counties earlier this month. With every passing day the crypto market was losing its market cap value and BTC even touched $99234 which was the lowest of its value in the previous month. The conflict basically started on 13th June when Israel attacked Iran’s Nuclear sites on the basis of the United Nations backed nuclear watchdog IAEA. Israel also killed some of the top brass military leadership on Iran. This increased the temperature of the region and also uncertainty hitted many financial markets of the world. After viewing this bearish trend in many markets the investors also got offended by the situation and withdrew their amounts from crypto markets. Iran said to retaliate and this started a series of surgical strikes between the both countries.
At-last a Sigh of Relief for Crypto Investors and an Increase in Market Cap is Seen
The news that the US officially became a part of the discussions and Trump’s announcement regarding the ceasefire broke the immobility of the crypto market. Investors have welcomed this and as of now blogpostify is posting this article the market is showing upwards trends. The BTC is currently trading at $ 107,763.99 which is 1.63% more than the previous value. This is a welcoming gesture for the traders and the trend is bullish. Blogpostify marks it a best time for investment because during this time the influx of investors is more. Therefore, it is advised to invest more and more on Ethereum. This is because of the fact that after the BTC the next currency that is obviously seeking a rise is ALT coin. Therefore, the market is expected to see more bullish trends in the coming days. The value is slightly increasing and this will definitely give confidence to the investors.