Bitcoin Rebounds to $105,000 After Trump Announces Israel-Iran Ceasefire

Key Takeaways:

• Bitcoin surged to $105,000 following Donald Trump’s announcement of a ceasefire between Israel and Iran.
• Trump shared the peace claims on Truth Social after Iran launched missiles at a U.S. base in Qatar.
• Prediction market Polymarket registered a 99% likelihood of a ceasefire shortly after the announcement.
• Polymarket is in talks to raise $200 million at a valuation exceeding $1 billion.

Bitcoin’s price recovered to the $105,000 level today following the truce announcement made by U.S. President Donald Trump on June 23.

According to CoinMarketCap, Bitcoin briefly reached $106,000 before the price seemingly stabilized at its current level. At the time of writing, BTC is trading at $105,064.

Bitcoin Hits $105K After Trump Announces Israel-Iran Ceasefire

“Israel & Iran came to me, almost simultaneously, and said, ‘PEACE!’ I knew the time was NOW. The World, and the Middle East, are the real WINNERS! Both Nations will see tremendous LOVE, PEACE, AND PROSPERITY in their futures,” stated Trump on social media.

“They have so much to gain, and yet, so much to lose if they stray from the road of RIGHTEOUSNESS & TRUTH. The future for Israel & Iran is UNLIMITED, & filled with great PROMISE,” he wrote.

“CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE…” – President Donald J. Trump pic.twitter.com/hLTBT34KnG

— The White House (@WhiteHouse) June 23, 2025

The ceasefire announcement followed Iran launching missiles at a U.S. military base in Qatar. The retaliation caused no substantial damage or casualties.

Since Trump announced the ceasefire, Israel accused Iran of initiating another round of attacks, which Iran denied.

“ISRAEL is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave’ to Iran. Nobody will be hurt, the Ceasefire is in effect!” wrote Trump.

On the cryptocurrency-based prediction site Polymarket, the probability of a ceasefire between Israel and Iran jumped to 99% from 8% on June 23. The chance of a U.S.-Iran nuclear deal remains fluctuating, with a current Polymarket probability of 44%.

“IRAN WILL NEVER REBUILD THEIR NUCLEAR FACILITIES!” said Trump.

Polymarket Users Bet on Peace as Platform Eyes $200M Raise

According to The Information, Polymarket is in talks to raise $200 million in its latest funding round, with a valuation exceeding $1 billion.

The decentralized platform previously raised $70 million across two rounds in May, including a $20 million Series A led by General Catalyst and a $45 million Series B round led by Founders Fund.

Bitcoin’s sharp reaction has revived discussions regarding its role as a geopolitical risk asset. Traders moved quickly following the ceasefire news, reinforcing the view that crypto markets can respond faster than traditional markets during periods of global uncertainty.

Polymarket’s activity reflects growing interest in decentralized tools for gauging political outcomes. The platform’s rising volume suggests users are turning to crypto-based prediction markets for faster insights on diplomacy, conflict, and major international decisions.

Frequently Asked Questions (FAQs)

What makes Polymarket different from traditional prediction tools?

Polymarket uses blockchain infrastructure to settle predictions on-chain, providing transparent odds and rapid resolution of outcomes.

How does Polymarket maintain credibility and accuracy?

Outcomes on Polymarket are resolved using third-party oracles and predefined criteria, reducing subjective intervention. Disputes are resolved via decentralized governance, which supports integrity and transparency.

Could Polymarket’s growth lead to regulatory scrutiny?

As the platform gains traction and funding, it may attract attention from U.S. regulators, especially given the uncertain legal classification of prediction markets in jurisdictions like the United States.