The post Will Bitcoin Price Bounce Back After Trump’s Ceasefire Announcement appeared first on Coinpedia Fintech News
After a dramatic weekend driven by geopolitical unrest, Bitcoin is back in recovery mode. Following U.S. President Donald Trump’s announcement of a “total ceasefire” between Israel and Iran, BTC surged past $106,000, reversing Sunday’s dip below $98,500, the lowest in over a month.
Crypto Market Rebound on Ceasefire and Fed Bets
The sudden recovery wasn’t just about peace talks. Traders are now betting on U.S. interest rate cuts, with the CME FedWatch tool showing a 53% chance that rates could fall to 3.75% or lower by November. That’s good news for risk-on assets like Bitcoin, which thrive on looser monetary policy.
Despite the recent $193 million in long liquidations, Bitcoin’s open interest remains robust at $68 billion. This signals continued institutional interest, even in the face of macro turbulence.
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