The crypto market experienced a significant rise of approximately 4.4% on June 24, 2025, resulting in a total market capitalization of $3.26 trillion. This surge was primarily driven by U.S. President Trump's announcement of a ceasefire between Israel and Iran, which sparked renewed investor confidence and shifted sentiment back to risk-on mode. Over the past 24 hours, crypto trading volumes increased by 10% to $150 billion, indicating stronger buying interest. Bitcoin and Ethereum led the recovery, with Bitcoin surpassing $105,000. Additionally, a wave of forced liquidations from short positions contributed to the rally, with over $471 million in liquidations recorded, amplifying price increases. The overall market capitalization showed a bullish flag pattern, suggesting potential further gains, possibly targeting $4.76 trillion in the near future. Technical indicators have also turned favorable, with the Relative Strength Index (RSI) moving into bullish territory, further supporting the optimistic outlook.

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