{"id":54767,"date":"2025-06-24T03:53:18","date_gmt":"2025-06-24T03:53:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rallies-to-106k-on-mideast-ceasefire-news-circle-shares-continue-explosive-climb\/"},"modified":"2025-06-24T03:53:18","modified_gmt":"2025-06-24T03:53:18","slug":"bitcoin-rallies-to-106k-on-mideast-ceasefire-news-circle-shares-continue-explosive-climb","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rallies-to-106k-on-mideast-ceasefire-news-circle-shares-continue-explosive-climb\/","title":{"rendered":"Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-25-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-25-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-25-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/image-25-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin surged past $106K late Monday after Trump announced a \u201cComplete and Total CEASEFIRE\u201d between Iran and Israel.<\/li>\n<li>The rally marked a sharp reversal from a plunge to $98,500 just 24 hours prior; oil prices tumbled to $65.<\/li>\n<li>Stablecoin issuer Circle (CRCL) stock hit a record high near $299, up 750% since its IPO this month.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A tumultuous 72 hours of price action in the cryptocurrency market culminated in a sharp rally late Monday, as Bitcoin surged past the $106,000 mark. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The catalyst for this dramatic move was an announcement from US President Donald Trump, who took to his Truth Social platform to proclaim a \u201ccomplete and total\u201d ceasefire between Iran and Israel, offering a glimmer of de-escalation in the volatile Middle East conflict.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The market\u2019s reaction to President Trump\u2019s announcement was immediate and forceful. \u201cIt has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now),\u201d Trump wrote, sending a wave of relief through global markets.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Bitcoin, which had already been showing signs of a rebound in afternoon trading, jumped nearly another 3% on the news, decisively topping $106,000. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This represented a remarkable turnaround from just over 24 hours prior, when the leading cryptocurrency had plunged to as low as $98,500 amidst fears of a widening war. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">At the time of this report, Bitcoin\u2019s price had slightly pulled back from its peak to around $105,300, but held onto the majority of its gains.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The positive sentiment spilled over into traditional markets as well. US stock index futures posted gains of approximately 0.5% across the board. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The price of crude oil, which had soared to over $75 a barrel earlier in the day on supply disruption fears, tumbled further to just $65 per barrel following the ceasefire news. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The move in some major altcoins was even more pronounced, with Ether (ETH), XRP, and Solana (SOL) among those sporting impressive gains of 8%-10%.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While there was some initial confusion in the minutes following the president\u2019s announcement regarding the validity of the ceasefire agreement, Reuters later reported that a senior Iranian official had confirmed Tehran\u2019s agreement to a proposed ceasefire with Israel, lending credence to the market\u2019s optimistic reaction.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Circle\u2019s meteoric rise<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">In a parallel and equally dramatic market story, shares of stablecoin issuer Circle (CRCL) continued their explosive rally on Monday, soaring to a fresh record high. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The surge has brought the company\u2019s market capitalization tantalizingly close to that of its flagship token, USDC, and puts it within striking distance of crypto exchange giant Coinbase (COIN).<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Shares of Circle were up another 22% at one point on Monday morning, reaching a record high just shy of $299 before relinquishing some of those gains. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The stock ultimately closed at around $263, up a solid 9% for the session. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Since its Initial Public Offering (IPO) earlier this month, which priced at $31 per share, Circle\u2019s stock has appreciated by a staggering 750%.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">At its peak on Monday, Circle\u2019s market capitalization reached roughly $60 billion. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This figure is nearly on par with the $61.3 billion supply of its USDC stablecoin, the second-largest dollar-pegged token in circulation. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This valuation also brings the firm remarkably close to that of crypto exchange Coinbase (COIN), which currently has a market capitalization of about $78 billion.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Circle\u2019s phenomenal surge this month is a clear testament to the soaring investor appetite for the fast-growing stablecoin market, a sector of the crypto industry with very few publicly-traded \u201cpure play\u201d investment options. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">USDC is widely used across cryptocurrency exchanges and decentralized finance (DeFi) protocols and is gaining increasing popularity for payments and cross-border transactions.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A key catalyst that has helped fuel Circle\u2019s rally was the US Senate\u2019s passage of the so-called GENIUS Act last week. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This legislation, which advances a regulatory framework for the stablecoin asset class, has boosted investor confidence in the long-term viability and growth potential of the sector, which some analysts believe could reach a multi-trillion dollar valuation in the coming years. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Despite the bullish momentum, some analysts are beginning to warn that Circle\u2019s rally may be running ahead of its underlying fundamentals.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-rallies-to-106k-on-mideast-ceasefire-news-circle-shares-continue-explosive-climb\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin surged past $106K late Monday after Trump announced a \u201cComplete and Total CEASEFIRE\u201d between Iran and Israel. The rally marked a sharp reversal from a plunge to $98,500 just 24 hours prior; oil prices tumbled to $65. Stablecoin issuer Circle [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":54768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54767"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54767"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/54768"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}