Share this article
Bitcoin Busts Past $106K on Reported Iran/Israel Ceasefire
President Trump claimed a "complete and total" ceasefire between Iran and Israel to begin in several hours.
Updated Jun 23, 2025, 11:22 p.m. Published Jun 23, 2025, 11:18 p.m.
What to know:
- President Trump announced a ceasefire between Israel and Iran.
- Crypto prices shot higher on the news, with bitcoin retaking the $106,000 level.
- Reuters reported a senior Iranian official as confirming President Trump's claim.
A wild 72-hours of price swings continued in crypto late in the U.S. day on Monday after President Trump took to Truth Social to proclaim a "complete and total" ceasefire between Iran and Israel.
"It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now)," wrote Trump.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Already bouncing in afternoon action, bitcoin rose nearly another 3% on the news, topping $106,000 after having plunged to as low as $98,500 not much more than 24 hours ago. At press time, the price had pulled back a bit to $105,300.
U.S. stock index futures posted gains of about 0.5% across the board and the price of crude oil tumbled further to just $65 per barrel after topping $75 earlier today.
The move in some altcoins was more dramatic, with ether , XRP and solana among those sporting 8%-10% gains.
In the minutes following the president's announcement there was some confusion as to whether there was indeed a ceasefire agreement, but Reuters is now reporting a senior Iranian official as saying Tehran has agreed to a proposed ceasefire with Israel.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020
Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.
What to know:
- Strategy shares fell in each of the final six months of 2025, marking the first time since the firm adopted bitcoin in August 2020 as a treasury reserve asset.
- The decline stands out for its persistence, as past selloffs were often followed by sharp rebounds.
- The stock sharply underperformed both bitcoin and the Nasdaq 100 despite the firm's continued BTC purchases.
Top Stories
