Original Article Title: "Can Trump Broker an Israel-Iran Ceasefire? Overnight Crypto Market Turmoil"

Original Article Author: Bright, Foresight News

Editor's Note: On the morning of June 24, after Trump claimed that Israel and Iran had fully agreed to a comprehensive ceasefire, the Israeli military once again stated that Iran had recently launched missiles at Israel. However, shortly thereafter, according to CCTV News, Iran and Israel announced a formal ceasefire.

On the morning of June 24, as Trump announced that Iran had fully agreed to a comprehensive ceasefire, the cryptocurrency secondary market rebounded after last night's risk-off sentiment due to fears of war escalation. BTC briefly fell below $100,000 and then surged past the $106,000 mark, with many altcoins also poised for a rebound. Due to the impact of the Middle East situation, BTC has been in a continuous pullback for nearly a week, with yesterday's low touching $98,200 and today's rapid recovery reaching $106,075, representing a gain of over 8.02%.

However, the latest news that Iran has denied reaching a substantive ceasefire agreement has had an impact, and as of the time of writing, Bitcoin is temporarily trading near $105,000.

ETH, after a sharp decline, has shown relatively weak performance and has not yet regained the previous $2,500 level. ETH, after hitting a low of $2,111 yesterday, rebounded to surpass $2,440, a surge of over 15.58%. SOL has shown a relatively strong upward trend, rising from a low of $121 yesterday to $147, a 21.48% increase. However, due to a downturn in on-chain sentiment and large-scale selling by whales, SOL still has a significant distance to reach its previous high point of $187.71 in this round of gains.

The total cryptocurrency market capitalization has rebounded by over 6% from its low point, reaching $3.3 trillion. With risk-off sentiment easing and altcoins collectively rebounding, Bitcoin's market dominance has slightly decreased from its high to 63.49%, but the altcoin season index remains at a low level of 14, and the fear and greed index has fallen to a fear level of 37. Meanwhile, the U.S. stock market as a whole saw a slight increase at the close. The S&P 500 index rose by 0.96% to 6,025.17 points. The Dow Jones Industrial Average rose by 0.89% to 42,581.78 points. The Nasdaq rose by 0.94% to 19,630.98 points. In the U.S. cryptocurrency stocks sector, Circle hit multiple record highs, breaking through $298.41 intraday, more than 9.62 times higher than its $31 issuance price, but closing price retreated to $263.45. Coinbase, after a rise and fall, saw a slight drop of 0.26%, stabilizing its stock price above the $300 mark, with a closing price of $307.59. Meanwhile, MicroStrategy remained in a bearish trend, dropping by 0.68% with a closing price of $367.18.

In terms of liquidation data, according to Coinglass, in the past 24 hours, a total of over 135,600 people were liquidated, with a total liquidation amount of $495 million. Short liquidations amounted to $380 million, long liquidations amounted to $115 million, with the main liquidation being a short. The largest single liquidation on a CEX was in ETH-USDT, occurring on Binance, with a value of $12.1423 million.

Recently, the trend of risk assets such as Bitcoin has been closely related to the Iran-U.S. conflict. The "much ado about nothing" drama between Iran and the U.S. in the early hours of last night truly affected the market's risk-off sentiment. Subsequently, the lack of substantial damage to U.S. military bases and the relatively "weak" retaliatory actions by Iran led to a slight rebound in risk assets. This morning, Israel, Iran, and the U.S. collectively confirmed a comprehensive ceasefire agreement, temporarily putting an end to the geopolitical uncertainty in the Gulf region, triggering a continued recovery in risk assets like Bitcoin. However, Iran's latest statement has once again sowed the seeds of uncertainty in the brief "peace."

A Tense Night in the Gulf

Iran: Has Launched "Destructive and Massive" Missiles at the U.S. Military Base in Qatar

On Monday night, June 23 local time and early Tuesday morning Beijing time, Iranian media reported that Iran announced a missile attack on U.S. military bases in Iraq and Qatar. At the same time, explosions were heard in the Qatari capital of Doha, and U.S. media reported that Iran launched multiple missiles at the U.S. military base located in Qatar.

The Al Udeid Air Base is located about 35 kilometers southwest of Doha and is the most modern military base in the Gulf region for the U.S., as well as one of the largest overseas military bases for U.S. troops with over 10,000 U.S. soldiers deployed there.

Subsequently, the Iranian armed forces issued a statement announcing a missile strike on the U.S. Al Udeid Air Base in Qatar. The statement stated that this action was in response to the U.S. attacks on Iranian nuclear facilities, approved by Iran's Supreme National Security Council, and carried out by the Islamic Revolutionary Guards. The statement said that the Iranian armed forces launched "destructive and massive" missiles at the U.S. Al Udeid Air Base in Qatar.

At the same time, the Secretariat of Iran's Supreme National Security Council issued a statement, stating that in response to the U.S.'s aggressive actions against Iran's nuclear facilities, Iran's armed forces launched a fierce strike on the U.S. Al Udeid Air Base in Qatar that night. The number of missiles in this attack was the same as the number of bombs used by the U.S. in the attack on Iran's nuclear facilities, and the targeted U.S. base is far from residential areas and city infrastructure in Qatar. The statement emphasized that this action poses no threat to Iran's friendly country Qatar, and Iran remains committed to maintaining its long-standing friendly relationship with Qatar.

Qatar: Successfully Intercepted 19 Missiles Targeting Al Udeid Air Base, No Casualties Reported

Following Iran's confirmation of missile strikes on the US Al Udeid Air Base in Qatar on the 23rd, the Qatari Ministry of Defense issued a statement confirming that the Qatari air defense system successfully intercepted 19 missiles targeting Al Udeid Air Base on the same day, with no casualties reported.

The Qatari authorities also stated that Al Udeid Air Base had been evacuated before the Iranian attack.

US: Trump Enters White House Situation Room, Expresses Desire to Avoid Further US Military Engagement in the Middle East

Meanwhile, during the US midday trading session on Monday the 23rd, US government officials stated that Trump met with the Secretary of Defense and members of the Joint Chiefs of Staff in the White House Situation Room. Two informed officials revealed that the US was tracking multiple missiles launched by Iran towards US military facilities in Qatar and Iraq.

The US stated that there were no casualties from Iran's attack on the Qatari US military base. It was also mentioned that apart from Qatar, "there are no records of Iran attacking US military bases in other countries."

Subsequently, a senior White House official reported that Trump expressed his desire to avoid further US military engagement in the Middle East.

Prearranged Peace Deal?

Trump: No US Casualties in Iran's Attack, Suggests Iran May Now Pursue Peace

Shortly before the US stock market closed on Monday, Trump posted on his social media platform Truth Social, stating that Iran's response to the US destroying its nuclear facilities was "very weak" and that the US "should thank Iran for notifying the US in advance."

According to CCTV News, Trump stated on his social platform, "Iran's formal response to the US destroying its nuclear facilities is very weak, which is expected in the US." Trump said, "Iran launched 14 missiles, with 13 being shot down, and one flying in a non-threatening direction. No Americans were injured, and there was almost no damage caused."

At the same time, Trump's post mentioned that due to Iran's advance notice, no US personnel were injured. Given that Iran has already responded to the attack on its nuclear facilities, "hopefully there will be no more hatred in the future." He also said, "Perhaps Iran can now start achieving peace and harmony in the region, and I will enthusiastically encourage Israel to do the same."

Trump: Israel and Iran Have Agreed to a Comprehensive Ceasefire Agreement

U.S. President Trump has announced that Israel and Iran have agreed to a comprehensive ceasefire agreement aimed at ending a 12-day military conflict that has severely impacted the Middle East geopolitical landscape and caused global market turbulence. Reportedly, a senior Iranian official has confirmed that Tehran has agreed to a ceasefire with Israel proposed by the U.S. and mediated by Qatar.

However, it is reported that on the 24th local time, Israeli Prime Minister Netanyahu, at the end of a cabinet meeting, instructed cabinet members not to comment on the recent development of "Trump's announcement of a comprehensive ceasefire between Israel and Iran" until further notice. The latest update is that the Iranian Foreign Minister has stated that there is currently no "agreement" between Israel and Iran on a ceasefire or cessation of military actions, but Iran is willing to stop at this point.

Fed Resumes Dovish Tone

Fed Governor Bauman has spoken out, supporting a rate cut as early as July. Bauman pointed out that the data shows that tariffs and other policies have not yet had a significant impact on the economy. The impact of tariffs on inflation may be more delayed and less pronounced than initially anticipated, especially as many businesses have already built up inventories. The ongoing progress in trade and tariff negotiations has significantly reduced the risks to the economic environment. Changes in trade policy are likely to have only a minimal effect on the Fed's preferred inflation gauge. Conversely, risks to the labor market may be on the rise.

Chicago Fed President Goolsbee stated that since Trump imposed tariffs on April 2, there has been a lack of significant inflation pressure, which could allow the Fed to cut rates again. He recalled that the Fed had anticipated rate cuts earlier in the year and paused the cuts primarily due to policy uncertainty.

Currently, Bitcoin has seen a significant rebound after a brief dip, moving away from the dangerous $97,000 range. Trader Eugene posted that BTC successfully held the $100,000 mark, which he expects to be the peak of the panic caused by the Middle East situation. Currently, the BTC price is hovering between $100,000 and $110,000, and if the market gradually reduces the impact of the geopolitical conflict, it is likely to test the upper range of this interval.

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