Bitcoin price today: climbs to $105k after short-lived Israel-Iran ceasefire

Investing.com-- Bitcoin rose on Tuesday, buoyed by a broader improvement in risk appetite after U.S. President Donald Trump announced a ceasefire between Israel and Iran.

However, the truce was reportedly broken just hours later, prompting Trump to lash out at the two countries. 

Initially, media reports showed Tehran and Jerusalem also acknowledging the ceasefire, although Iran continued to attack Israel until minutes before the truce was supposed to take place. 

Trump announced that the ceasefire had taken effect around 01:00 ET (05:00 GMT), but the truce lasted only for several hours. 

Bitcoin rose 2.6% to $105,280 by 09:59 ET (13:59 GMT), although it remained in a tight trading range seen through most of June. 

Broader crypto markets also advanced, tracking strong gains in other risk-driven assets, specifically equities.

Trump lashes out as Israel and Iran break the ceasefire

U.S. President Donald Trump criticized both Israel and Iran on Tuesday for launching attacks shortly after he had announced a cease-fire, underscoring the fragility of the truce following nearly two weeks of conflict.

Speaking to reporters in strongly worded comments, Trump expressed clear frustration, saying he was “not happy” with the developments. He rebuked Israel for striking Iran “right after we made the deal” and questioned the judgment of both nations.

According to a White House official, Trump had a call with Israeli Prime Minister Benjamin Netanyahu earlier in the day, during which he was described as “firm and direct” about the steps needed to uphold the cease-fire.

Israeli Prime Minister Benjamin Netanyahu’s office claimed that Iran launched missiles after the cease-fire began, prompting Israel to strike a radar site near Tehran. Iran denied breaking the truce, and Netanyahu’s statement suggested Israel’s response was limited.

Both sides appear interested in maintaining the cease-fire, despite claiming victory in the conflict. U.S. President Donald Trump wrote on Truth Social that Israel “is not going to attack Iran” and that “all planes will turn around and head home.”

Hours earlier, Trump said in a social media post that his earlier announced ceasefire was now in effect, calling on both parties not to violate the agreement. 

While Iran was seen launching missiles against Israel until the 11th hour, the strikes did taper off as the deadline for the ceasefire passed. 

An end to hostilities in the Middle East was well received by the markets, boosting global stocks and pushing oil prices lower. 

The S&P 500 was 0.7% higher following the market open, while Brent Oil Futures fell around 4.5% to $68.32. 

Concerns over increased hostilities between Israel and Iran sparked a week of losses in risk assets. But these concerns had somewhat eased by this week, with markets only showing a mildly negative reaction to the U.S. bombing Iran’s nuclear infrastructure, as well as Iran’s response. 

Dem. Senator introduces act to ban govt. officials from crypto investment

Democratic Senator Adam Schiff of California on Monday introduced legislation aimed at blocking government officials, including President Donald Trump and his family, from investing and participating in the crypto industry. 

The act is called the Curbing Officials’ Income and Nondisclosure (COIN) Act seeks to prevent the president, other high-ranking executive and federal officials and members of Congress from issuing, sponsoring, or endorsing digital assets. 

Schiff, when unveiling the act, criticized Trump’s crypto investment and ventures, stating that “Donald Trump and other senior administration officials have made a fortune off of crypto schemes.”

“Today, I’m introducing the COIN Act to put a stop to this corruption in plain sight,” Schiff said in a social media post.

Trump rolled out a host of crypto-friendly orders after taking office. But the president drew criticism over concerns that his actions greatly boosted his personal crypto holdings, as well as those of his family and associates. 

Ark Invest sells $110mn of Circle shares after post-IPO rally

Cathie Wood’s Ark Invest sold $109.6 million worth of Circle shares on Monday as the stock extended its post-IPO rally.

The firm offloaded a total of 415,844 shares across three ETFs, with ARKK accounting for the largest portion, followed by ARKW and ARKF.

Circle (CRCL) closed 9.6% higher at $263.45, before retreating over 1% after the Tuesday market open.

The sale comes after Ark acquired over 4.4 million Circle shares during its June 5 listing on the NYSE.

Crypto price today: altcoins upbeat tracking Bitcoin gains

Broader crypto prices advanced on Tuesday amid improving risk appetite.

World no.2 crypto Ether rallied 5.5% to $2,422.10, while XRP rose over 7% to $2.17.

Solana and Cardano rose 5.5% each. 

Among meme tokens, Dogecoin added nearly 5%, while $TRUMP advanced around 5.7%.

(Ambar Warrick contributed to this report.)