Bitcoin prices surged over 3% as geopolitical tensions began to ease following the announcement of a ceasefire between Israel and Iran by U.S. President Donald Trump. This development catalyzed a broad recovery in risk assets, including cryptocurrencies.

Bitcoin Performance Overview

• Bitcoin (BTC): Increased by 3.2% to $105,042.5.
• The cryptocurrency appears to be strengthening within the previously established June range but is approaching its upper threshold.

The rally in Bitcoin coincided with positive sentiment in equity markets as reports indicated both Tehran and Jerusalem were receptive to the ceasefire, despite ongoing missile activity near the time of the agreement.

“A resolution to the Middle Eastern conflict is likely to enhance risk appetite significantly,” analysts suggested, especially given the recent declines.

Regulatory Challenges Ahead

On the regulatory front, Democratic Senator Adam Schiff tabled the COIN Act, seeking to prohibit U.S. government officials from investing in or promoting digital assets, specifically targeting Trump’s involvement in cryptocurrency ventures.

Analysts expect this to increase scrutiny within the crypto space as the 2025 electoral cycle approaches.

Key Takeaways:

• Bitcoin remains within resistance levels of $107K to $110K, with upcoming U.S. inflation data and congressional testimonies likely to increase market volatility.
• Geopolitical stability could maintain the current risk-on sentiment, though any breakdown of the ceasefire may quickly reverse recent gains.