Cryptocurrency prices spiked early Monday evening as President Donald Trump said on social media that Iran and Israel have agreed to a ceasefire, purportedly putting an end to days of bombing.
Bitcoin is up 5% on the day, topping $105,000 following a quick surge just now following Trump’s announcement. The price of the leading cryptocurrency had fallen below $100,000 on Sunday, after U.S. forces bombed Iran nuclear sites late Saturday, but had started recovering and returned over that mark by the end of the weekend.
Other top assets like Ethereum, XRP, and Solana are also rising following the news.
Editor’s note: This story is breaking and will be updated with additional details.
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