Cryptocurrencies bounce back as Trump announced ceasefire between Israel and Iran
Bitcoin and the broader crypto market rebounded on Tuesday after President Donald Trump announced a pause in the escalating conflict between Iran and Israel, and despite his follow up warnings to both countries.
“It has been fully agreed by and between Israel and Iran that there will be a complete and total ceasefire,” Trump wrote in a post on Truth Social Monday evening. In another post on Tuesday morning, the president announced that the ceasefire was “now in effect.”
Following the announcement of the ceasefire agreement on Monday evening, Bitcoin jumped 2%, climbing from $104,000 to $106,000 as of Tuesday afternoon, according to Binance. Other cryptocurrencies have surged on the news as well with XRP gaining 5% over…
