Bitcoin’s price rose to approximately $106,455 as global markets reacted with cautious optimism to reports of a ceasefire agreement between Israel and Iran. The de-escalation of geopolitical tensions provided some relief to investors, driving renewed appetite for risk assets, including cryptocurrencies.
The easing conflict also contributed to a pullback in oil prices, further supporting a broader recovery in sentiment across financial markets. With fears of an immediate military escalation subsiding, investors regained confidence in equities and digital assets alike.
Market attention now shifts toward upcoming economic data and central bank commentary, particularly from the Federal Reserve. Investors are closely monitoring the Fed’s next moves on interest rates, which remain a key factor for broader market direction amid lingering macroeconomic uncertainties.
