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A sudden ceasefire between Iran and Israel sent shockwaves through the crypto market, with Bitcoin and altcoins surging as geopolitical tensions eased. Investors rushed back into digital assets, driving prices and trading volumes higher. Analysts warn, however, that the rally may be fragile.
- Bitcoin surged 5% to $106,000 within minutes of the ceasefire announcement, rebounding from a dip below $99,000 during the conflict.
- Altcoins like Sei (+32%) and Dogwifhat (+20%) outperformed as market optimism spread beyond Bitcoin and Ethereum.
- Analysts warn that the rally could reverse if geopolitical risks flare up again or the Fed hints at rate hikes.
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