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Bitcoin Price (BTC) News: Retakes $106K on Middle East Agreement

  • U.S. President Donald Trump announced a ceasefire agreement between Israel and Iran, signaling reduced geopolitical tensions on June 23-25, 2025.
  • The recent escalation involving the U.S. and Iran triggered a sharp decline in Bitcoin prices, pushing them below $100,000 and unsettling financial markets last week, before a ceasefire announcement helped ease tensions.
  • After the ceasefire announcement, Bitcoin surged past $106,000, spearheading a broad crypto rally that resulted in short sellers losing more than $350 million within a day.
  • At press time, BTC traded at $105,408, up 5.2%, supported by a break above $101,500 resistance and easing geopolitical risks, with analysts warning of resistance near $106,500.
  • This ceasefire removed a major geopolitical overhang, stabilizing macro markets and positioning Bitcoin to potentially resume an upward trend, though some caution that gains may be short-lived.
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Bitcoinsensus broke the news in on Monday, June 23, 2025.
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