- Altcoin prices rose sharply after Donald Trump announced a ceasefire between Iran and Israel.
- Major cryptocurrencies like Ethereum, Solana, XRP, and Bitcoin recovered recent losses.
- Experts warned that the current market rally could be short-lived and remains sensitive to global events.
- Altcoins including Sui, ChainLink, and Avalanche posted double-digit gains following the ceasefire news.
- Long-term growth drivers for crypto remain inflation, interest rates, and stablecoin adoption, according to analysts.
On Tuesday, cryptocurrency prices climbed quickly in early Asian trading hours after U.S. President Donald Trump announced a ceasefire between Iran and Israel. The announcement led to a strong recovery for major digital coins and erased losses suffered over the weekend during the military conflict.
Sui (SUI) jumped 11.8% to $2.80, Chainlink (LINK) rose 9.7% to $13.04, and Avalanche (AVAX) climbed 5.6% to $18.04, according to CoinGecko data. Solana (SOL) increased 7.4% to $144.14, XRP gained 7.8% to $2.18, and Dogecoin (DOGE) surged 6.5% to $0.16. Ethereum (ETH) went up by 6.3% to $2,402, and Cardano (ADA) rose 6% to $0.58.
“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump posted on Truth Social. The announcement occurred after a weekend where U.S. and Israeli forces targeted Iranian nuclear sites and Iran responded by attacking Al Udeid Air Base in Qatar, the region’s largest U.S. base. Qatari officials said the attack caused no casualties.
Market analysts linked the crypto rally to the ceasefire news, noting that prices quickly recovered during the same timeframe as Trump’s announcement. “The sharp recovery occurred during early Asia hours, which aligns closely with the timing of the announcement,” said Min Jung of Presto Labs. Another source, Annu Shekhawat of Avail, described the market reaction as “a textbook example of how quickly crypto markets respond to major geopolitical developments.”
Despite the rally, experts warned that the market remains fragile. According to Ganesh Mahidhar of Further Ventures, volatility is likely in coming days due to the unpredictability among global leaders. He explained that while the ceasefire brought short-term relief, long-term trends will depend on reduced inflation, lower interest rates, and increased stablecoin adoption.
Asia-Pacific stock markets also gained after the ceasefire. South Korea’s Kospi rose 2.8%, Japan’s Nikkei 225 climbed 1.3%, and Hong Kong’s Hang Seng Index increased 1.8%. Bitcoin (BTC) led the crypto recovery by rising 3.1% to over $105,000, nearly reaching its pre-weekend level after dropping below $100,000 on Sunday.
Tensions remain as Israel claimed Iran fired missiles after the ceasefire and promised to respond, while Tehran denied the accusation and threatened to retaliate if attacked again.
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