On June 24–25, Bitcoin surged back above $105,000, crossing as high as $107,900—driven primarily by a sharp easing in Middle East tensions between Iran and Israel, along with shifts favoring risk assets .
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| Bitcoin Reclaims $105K as Iran Tensions Ease |
🌍 Geopolitical Easing Sparks Risk-On Rally
The spike comes courtesy of U.S. President Trump’s declaration of a “complete and total ceasefire” between Iran and Israel, which calmed markets previously shaken by missile exchanges and strikes . As geopolitical fears eased:
• Bitcoin rebounded from lows near $98K to over $105K within 24 hours .
• Over $350M in short positions were liquidated amid the rapid ascent .
💵 Dollar Weakness and Policy Dynamics
Simultaneously, the U.S. dollar fell to its lowest levels in a year after the ceasefire, supported by dovish commentary from Federal Reserve officials including Michelle Bowman and Christopher Waller . This weaker dollar and eased inflation worries bolstered risk assets including Bitcoin .
Markets are speculating on a potential July rate cut, fueled by recent dovish signals, which enhances the likelihood of continued support for Bitcoin .
🏦 Institutional & Retail Momentum
Bitcoin also benefited from:
1. Strong institutional inflows, with U.S. spot Bitcoin ETFs recording positive flows for ten consecutive days .
2. Growing corporate interest, exemplified by ProCap Financial’s bitcoin-centered IPO plans .
3. Robust whale activity, with significant accumulation following the dip .
📊 Altcoin & Broader Market Response
• Ethereum, Solana, XRP, and other altcoins climbed between 7–10%, indicating a market-wide risk-on sentiment .
• Traditional markets mirrored this optimism—U.S. stocks rose while oil and gold retracted—highlighting a clear shift in capital flows .
⏳ Near-Term Outlook & Risks
Bullish Scenario:
• If the ceasefire holds and the Fed takes a dovish stance, Bitcoin may press toward the $110–112K resistance zone, possibly eyeing $120K in the medium term .
Risks to Watch:
• The ceasefire remains fragile—renewed conflict could quickly reverse gains .
• Rate cut expectations hinge heavily on upcoming events like Fed Chair Powell’s congressional testimony (June 25) and Canadian inflation data .
Bitcoin’s recovery above $105K reflects a classic risk-on shift, with geopolitical de-escalation and dovish monetary signals fueling its ascent. With major short liquidations and strong flows into ETFs, momentum is currently bullish.
The path forward hinges on:
• The durability of the Iran‑Israel ceasefire,
• Federal Reserve decisions,
• And broader macroeconomic and geopolitical developments.
Stay alert to these events, as they will shape whether Bitcoin consolidates gains above $106K–$107K or faces a setback in the days ahead.
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