Bitcoin Pumps Over $105K as Iran-Israel Ceasefire Sparks Relief Rally

On June 24, Bitcoin pumped past $105,000 after a major geopolitical shift. U.S. President Donald Trump announced a complete ceasefire deal between Israel and Iran. The ceasefire is set to begin within hours and formally end what he called “The 12 Day War.” The tweet caused immediate reactions across financial markets. Meanwhile, altcoins and Ethereum followed suit, with ETH crossing $2,400. Market optimism was further boosted by The Smarter Web Company’s latest Bitcoin purchase of 196.9 BTC. These changes strengthen Bitcoin’s long-term institutional interest.

Bitcoin Pumps Following Trump’s Ceasefire Declaration

The crypto market saw a wave of positive sentiment after Donald Trump posted the ceasefire news on X. He called it a “Complete and Total CEASEFIRE,” stating that Iran would begin the truce, with Israel following twelve hours later. If successful, the conflict would officially end within 24 hours. Cas Abbé from Binance tweeted that “BTC pumps above $105K, ETH pumped above $2.4K and alts are running hard.” He hinted at falling oil prices and even a possible rate cut in July due to easing inflationary risks.

This diplomatic breakthrough helped risk assets rally hard. Ethereum and several altcoins posted double-digit gains. Market participants rushed in with renewed optimism, pricing in peace and reduced global tension. Bitcoin’s move above $105K was not just symbolic, it confirmed growing confidence in crypto amid uncertainty. The narrow range of the past week gave way to a sharp breakout, signaling renewed bullish momentum.

Realized Cap Spike Shows Active Profit-Taking, Yet Bitcoin Sustain

Despite the rally, not all investors are holding. Analyst Axel Adler tweeted that the 0–1 month realized cap rose by $66 billion since April 13. This metric reflects heavy profit-taking by recent buyers. Roughly 720,000 BTC have been sold during this time. Yet, Bitcoin has managed to stay within a strong support range.

Source: Axel Adler X Post on June 24, 2025

The key reason is strong demand absorption. Every sale has met new buyers. This is not just retail enthusiasm, it signals steady institutional demand. Adler’s analysis reflects a market with strong hands willing to absorb supply. The resilience shown in Bitcoin’s price through this distribution phase supports the case for continued upward movement. With the market structure holding, more short-term gains look possible.

The Smarter Web Company Bets Big as Bitcoin Pumps Above $105K

According to CoinMarketCap, Bitcoin rose 3.46% in the last 24 hours, reaching $105,510.02. While traders focused on charts and tweets, institutions made quiet but bold moves. The Smarter Web Company (SWC), listed in London, released an RNS announcing a new Bitcoin purchase. As part of its 10-Year Plan, the firm bought 196.9 BTC at an average of £77,122 per Bitcoin ($103,290). This brought its total holdings to 543.52 BTC, acquired at a total value of £42.38 million.

Source: TradingView BTC/USDT 1 Day Chart on June 24, 2025

The timing could not be better. Bitcoin surges often attract attention, but long-term purchases like this show real conviction. SWC’s ongoing treasury policy aligns with growing corporate acceptance of digital assets. This buy mirrors moves by giants like MicroStrategy, showing how mid-cap firms are following suit. Such large acquisitions during market optimism suggest faith in Bitcoin’s role as a store of value.

Source: glassnode X Post on June 24, 2025

On June 24, glassnode shared that despite recent price volatility, US Spot Bitcoin ETFs recorded net inflows of over 11.6K $BTC last week. This marks the second consecutive week of positive flows. It highlights sustained institutional demand, even in uncertain conditions. Yesterday alone, Spot BTC ETFs saw a net inflow of approximately 598 $BTC. This came despite rising geopolitical concerns. While the inflows were modest, no major outflows were recorded. That in itself is a notable signal of growing investor confidence.

As Bitcoin Pumps, Market Eyes Key Levels and Rate Cuts

Bitcoin’s current resistance lies at $106k, with a breakout at $106,500 unlocking potential moves toward $108k and $110k. On the downside, support levels are $104k and the crucial $100k zone. Price action over the next few days will hinge on how the ceasefire holds. If oil prices drop and inflation softens, a July rate cut could become likely, offering further support to crypto assets.

Bitcoin pumps during geopolitical relief are not new, but this time feels different. With peace signals, corporate buying, and rate-cut hopes aligning, this creates a strong bullish narrative. With profit-taking largely absorbed and big players stepping in, Bitcoin could be poised for further gains. The next few days will reveal whether this rally has lasting power or is just a temporary relief bounce.