Bitcoin Climbs on Ceasefire News and Fed Cut Bets

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Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East.

Bitcoin swiftly rebounded to $106,000, signaling firm institutional investor demand despite growing global unrest.

A sharp 8% drop in Bitcoin’s hashrate raised concerns over mining stability amid Middle East tensions.

Bitcoin reclaimed the $106,000 level on Monday after briefly dipping below $98,500 on Sunday — the first time in 45 days. Market anxiety eased after US President Donald Trump announced a “total ceasefire” between Israel and Iran. Traders are now weighing whether Bitcoin can push toward $110,000 or if downside risks still linger.

Despite the volatility, Bitcoin’s derivatives market remained steady. The price move triggered $193 million in liquidations of bullish leveraged Bitcoin positions, equivalent to 0.3% of total futures open interest. The current $68 billion in leveraged positions is virtually unchanged from Saturday.


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