- Crypto prices surged rapidly after Trump announced a ceasefire between Iran and Israel, erasing recent losses in tension.
- Bitcoin hit $105,000, Ethereum topped $2,400, and memecoins and AI tokens all surged by double digits.
The Cryptocurrency market rose sharply on Tuesday, reversing recent losses, after Donald Trump declared a “complete and total” ceasefire between Israel and Iran. His announcement came late Monday, ending a 12-day conflict that had unsettled financial markets. The news shifted sentiment, triggering gains across most crypto assets.
Trump’s update was later confirmed via his Truth Social account, stating, “THE CEASEFIRE IS NOW IN EFFECT,” and urged both nations to uphold the agreement. Markets responded quickly to the post, as investors saw the development as a reduction in geopolitical risk.
Bitcoin bounced from a six-week low of $98,000 on Sunday to trade over $105,000 on Tuesday, gaining nearly 4% in the past 24 hours. Other major tokens like Ethereum (ETH), Solana (SOL), and Ripple (XRP) also increased by over 7% during the same period.
Memecoins and AI Tokens Also Join the Rally
Beyond the major coins, smaller sectors also reacted to the ceasefire headlines. The memecoin group rose, with Dogecoin climbing 9%, Shiba Inu jumping 10%, and PEPE surging 12%. The move marked a clear reversal from last weekend’s sharp pullback, when tokens across the board tumbled amid conflict fears.
Artificial intelligence-related tokens also picked up pace. Names such as Bittensor, Internet Computer, Near Protocol, Artificial Superintelligence, Render, and Virtual Protocol all posted strong double-digit rebounds. Collectively, the AI token sector advanced by 9%, helped by increased investor appetite following Trump’s statements.
Commenting on the market environment, Augustine Fan, head of insights at SignalPlus, said, “We think the market will soon normalize and move on from the latest geopolitical episode.” His comments reflected broader confidence in a potential stabilizing trend if the ceasefire holds.
ETH, SOL, XRP Show Further Strength
Ethereum now trades above $2,400 and its 100-hourly Simple Moving Average. It faces resistance at $2,440 and $2,460, with a major resistance level at $2,500. If the price moves past $2,500, further targets include $2,550 and $2,620.
In case of a pullback, Ethereum could fall toward $2,340. Deeper losses could push the price to $2,250 or $2,150, with a lower safety net near $2,120.
Solana saw a strong rebound after falling below $128, surging past resistance levels at $134 and $140. The coin is now trading at $144.51, with support from its 100-hourly SMA at $138.18. Resistance lies at $146, and any breakthrough may bring $150 and then $155 into play. A move past $160 would indicate sustained bullish strength.
On the downside, immediate support lies at $142. If bears take control, the next areas to watch would be $138.18 and $134, with further weakness potentially taking the price down to $126.
XRP is now holding above the $2.17 level and trading above its 100-hourly SMA. The next resistance levels stand at $2.18 and $2.20. A successful break above these levels could push the price toward $2.25 and then $2.30. A stronger rally could extend the rise up to $2.50.
On the downside, XRP could face pressure if it fails to breach $2.18. Initial support is at $2.0880, followed by a more solid floor at $2.05. If the selling continues, prices could test the $2.00 level. Further weakness might drag it down to $1.92.
