Crypto Market Rebounds on Israel‑Iran Ceasefire Optimism

Published on June 24, 2025

Cryptocurrency markets surged on June 24, reflecting renewed risk appetite amid hopes of a ceasefire between Israel and Iran.

🔹 Major Market Moves

Bitcoin rebounded ~4%, climbing back above $105,000, with intraday highs reaching $106,000nypost.com+14barrons.com+14crypto.news+14.

Ethereum rallied ~7–9%, surpassing $2,400 cryptoslate.com+6coindesk.com+6crypto.news+6.

Solana and XRP each gained ~7–8%, with Solana hitting $144+barrons.com+12barrons.com+12cryptoslate.com+12.

Other altcoins like Cardano, Dogecoin, Shiba Inu, and Pepe rose in the 7–15% range .

📈 Market Sentiment & On‑Chain Indicators

Total crypto market cap climbed ~2–4%, reaching $3.3–3.4 trillion .

Crypto Fear & Greed Index jumped into greed territory (65) crypto.news.

Average RSI across top coins rose to neutral levels (~58), while open interest increased ~4% and liquidations dropped ~24% crypto.news.

Over $370 million in short positions were liquidated, led by Ethereum (~$119M) cryptoslate.com.

🌐 Context & Caution

The rally follows a sharp sell-off that pushed Bitcoin close to $99K last weekend amid escalating Middle East tensions reuters.com+13barrons.com+13coindesk.com+13.

Caution remains warranted, as the ceasefire is not formally confirmed by Iran or Israel and new flare-ups could trigger volatility again cryptoslate.com+1tradingview.com+1.

Crypto’s high sensitivity to geopolitics was on full display—this rebound reflects sentiment-driven trading rather than fundamental shifts .