It is probably true that when Trump announced that Iran and Israel had agreed to a ceasefire, coins in the crypto market started to surge meaning their prices started to increase. Moreover most importantly, they agreed to a ceasefire which resulted in a significant drop in oil prices, which may have had a positive impact on the global economy it has even had a positive impact on the Bitcoin market. Meanwhile the price of Bitcoin has suddenly touched $106K.
We saw in the newspaper that according to the US oil benchmark, the price of Texas
Intermediate crude oil had fallen and the price of a barrel of that oil was $64.50. So it goes without saying that the Bitcoin market is now breathing a sigh of relief after the US President's ceasefire announcement.
We saw Bitcoin was under pressure during Iran Israel conflict and as soon as ceasefire is announced oil price is going down and Bitcoin is going up. Bitcoin price doesn't move in isolation but is greatly affected by global news and events. It's a positive sign for the world that we have de-escalation in the region otherwise things would have gone towards WW3. Let's hope their is cease fire in Gaza also so that people in that region can also live a peaceful life.
I wouldn't say that we are under pressure, we have been in this situation before. The worst is the bear market, wherein even if there are no war, there is a huge pressure or the downside of it. Nevertheless, we always comes back in the bull run.
So this is not new, and again, we are in a bull run and so even if this noises are in the background, I don't think that it will have a huge impact on us. Once everything has settled down and we understand the situation, investors are still going back to the market and price will go and increase till the last quarter.