On June 24, 2025, Bitcoin surged past $105,000, bouncing back from previous lows as tensions between Iran and Israel eased following a ceasefire announcement. The cryptocurrency market displayed renewed bullish sentiment, aided by bullish movements in altcoins like VIRTUAL, JUP, and SEI, which saw gains of over 20%. Analysts noted that optimism over this ceasefire could lead to a further rise in prices, although potential fallout from renewed aggression was also highlighted. Other encouraging signs included discussions from the Federal Reserve regarding potential rate cuts and the integration of crypto in mortgage processes. Institutional interest remained strong, with significant inflows into Bitcoin ETFs and plans for a notable IPO in the crypto space. However, volatility persists as heightened geopolitical tensions loom. Overall, market indicators suggest a favorable outlook for Bitcoin and cryptocurrency traders, driven by both macroeconomic and geopolitical factors.

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