The cryptocurrency market rallied following the announcement of a 14-day ceasefire between the US and Iran. The agreement includes reopening the Strait of Hormuz, which had restricted oil supply. Bitcoin rose 5% to $72,000, while Ethereum surged nearly 7% to $2,300. Ripple‘s XRP, which had declined during the conflict, broke its stagnation with a 6% gain to $1.38. Market optimism is high, though the temporary nature of the ceasefire introduces uncertainty.
The global market reacted positively after US President Donald Trump announced a 14-day ceasefire to the Iran war. The Islamic Republic agreed to reopen the Strait of Hormuz, ending a choke on oil supply that began in March. Bitcoin shot up 5% to reach a high of $72,000, and Ethereum surged nearly 7% to $2,300.
Ripple‘s native token XRP broke out from its stagnation phase, surging 6% to trade at $1.38. The token had dropped sharply since the war broke out, negatively impacting the broader cryptocurrency market. Optimism is currently high in the markets, with the next two weeks seen as a potential period for better returns.
President Trump wrote on Truth Social, “There will be lots of positive action! Big money will be made. Iran can start the reconstruction process. We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well.” However, the market rally comes with limitations as the war is not definitively over. The 14-day ceasefire casts a shadow and is described as a grey cloud hanging above the markets.
Analysts note the erratic nature of both Trump and Iranian leaders makes a full stop to the war doubtful. For instance, Israel launched attacks on Lebanon immediately after the ceasefire was announced, stating the agreement did not include them. Ripple‘s XRP had surged nearly 600% in value between October 2024 and July 2025, breaching its previous all-time high. It recorded a new high of $3.65 last July but has since struggled to climb consistently above the $1.50 range.
