Ethereum and Altcoins Rally- Crypto Market Bounce Back

Ethereum and Altcoins Rally– US President Donald Trump announced a complete ceasefire between Israel and Iran late Monday, signaling a potential end to the 12-day conflict. On his social media platform Truth Social, Trump stated, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE.” Earlier, Iranian officials reportedly confirmed Tehran’s agreement to a ceasefire, with the country’s foreign minister noting that “there would be no cessation of hostilities unless Israel stopped its attacks,” according to Reuters.

Bitcoin and Stock Futures Respond

Following the announcement, Bitcoin surged approximately 6%, rising from just over $100,000 to nearly $106,000 during early Tuesday Asian trading. Although it later eased slightly to around $105,000, Bitcoin recovered all recent losses and returned to its range-bound channel. Notably, Bitcoin had briefly dipped below $100,000 on Monday after US airstrikes on Iranian nuclear sites, but this drop was short-lived.

Meanwhile, futures for the S&P 500 also rose modestly late Monday, suggesting traders anticipate gains in the US stock market on Tuesday.

Expert Insight on Market Shifts

Michaël van de Poppe, founder of MN Capital, commented on the shifting global dynamics: “Now the sounds of World War III are fading, macroeconomic tables should be shifting.” He predicts the US dollar will continue to weaken, the Chinese renminbi will strengthen, gold will consolidate, and interest rates will fall. He added that “Bitcoin and crypto go into the biggest bull cycle ever,” reflecting renewed optimism in the digital asset space.

Broader Crypto Market Recovery

The crypto market capitalization rose by about $170 billion in the past 12 hours, reaching $3.35 trillion. Ethereum showed strong gains, climbing 7% to reclaim $2,400, though it still faces resistance around $2,500. Other altcoins also performed well: Solana increased by 7.6%, Sui by 11.5%, Chainlink by 10.7%, Avalanche by 8.5%, and Hedera surged more than 12% in recent hours.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.