Over the past three days, we saw the crypto market fall after a report that the U.S. had attacked Iranian nuclear sites. Panic set in, and investors went to risk-off mode, selling Bitcoin and altcoins. Today, however, things have shifted.
The market has given a strong recovery, with Bitcoin, Ethereum, and some altcoins displaying fresh strength. The overall crypto market cap has risen to $3.26 trillion, an increase of 4.26% in the last day. Trading volume is also up 10%, a sign that buyers are stepping back in with more confidence.
The big turning point came after former President Donald Trump announced a ceasefire agreement between Israel and Iran, officially ending what’s been called the “12 Day War.” According to BeInCrypto, the news sent Bitcoin soaring past $105,000. That rally has also lifted other names like SEI, which is now one of the top performers on the day.
Crypto Market Soars After Trump Ceasefire Announcement 🚀
— BeInCrypto (@beincrypto) June 24, 2025
Bitcoin blasts past $105K after Trump announces an Israel-Iran ceasefire to officially end “The 12 Day War.” $ETH, $SOL, and $XRP also rally as geopolitical fears ease. pic.twitter.com/CmoCB7dKH4
With global tensions easing, sentiment is shifting fast. Traders are back in risk-on mode, and altcoins are catching a bid again. But most are still watching Bitcoin price closely to see if this bounce has more room to run or if it’ll stall under key resistance.
Let’s take a look at what some analysts are saying and how the charts are lining up.
What you'll learn 👉
Bitcoin Price Still Faces Major Resistance
On the 4H chart, Crypto Patel says Bitcoin is not fully bullish yet. He shared a post on X pointing out that BTC price still needs to break above $108,900 to shift structure on lower timeframes. The higher timeframe resistance sits even higher, at $110,654. Until those levels are cleared, the trend remains vulnerable.
Price recently bounced from a higher low around $98,500 and reclaimed the 0.618 Fibonacci level. But now it’s testing the $106,800–$108,000 resistance zone, an area where sellers previously stepped in.
Crypto Patel notes that smart money is likely shorting between $107K and $109K. If BTC clears $110K, it could signal a true trend reversal. If not, traders may look for another pullback toward the $100K–$101K zone.
Crypto Market Cap Approaches Key Level
The total crypto market cap has seen a substantial increase of $142 billion within the last 24 hours, now standing at $3.26 trillion. The market is just under the $3.30 trillion resistance level after nearly breaching it, signaling the potential for further upward movement if the momentum continues.
The recent market sentiment boom followed the U.S. President Donald Trump announcement of a ceasefire between Iran and Israel. This was a welcome move after Iran’s failed attempt to hit a U.S. base in Qatar, precipitating the bull run in the crypto market, to the benefit of the general market cap.
Why Is the Crypto Market Up Today? 📈
— BeInCrypto (@beincrypto) June 24, 2025
The crypto market’s soaring today, with the total market cap rising to $3.20 trillion.
Key factors:
🔹 $BTC climbing 4% to $105,000
🔸 $SEI surging 35% to $0.271 pic.twitter.com/dkwuC2Yeuh
But if the war continues once again, with Iran still to ratify the ceasefire, the market would drop. In that case, the total market cap could fall back from the $3.16 trillion support and decrease to $3.09 trillion, shattering the bullish mood and causing volatility in the market.
Read Also: Pi Coin Price Prediction For Today (June 24)
SEI Token Pops as On-Chain Metrics Improve
SEI is one of the best-performing altcoins today, surging more than 35% to trade around $0.271. Analyst Crypto Yoddha posted a 3-day chart showing SEI price breaking out of a symmetrical triangle pattern, a structure that’s been forming since March.
The breakout aligns with bullish on-chain activity. According to Ryuzaki SEI on X, the token now has 8.1 million active addresses, $10 million in daily inflows, and a TVL of $525 million. The project is ranked in the top 55 and is gaining traction thanks to its AI and gaming ecosystem.
SEI staked ETF is coming 🇺🇲
— Ryuzaki SEI (@Ryuzaki_SEI) June 24, 2025
> TVL $525,000,000
> Inflows $10m in a day
> Dexes volume ATH
> Active addresses 8.1m
> Ranked TOP 55 coin
> AI + gaming ecosystem $SEI biggest run coming 📈 pic.twitter.com/dyLgKI0vme
If SEI price can hold above the $0.26–$0.27 zone, the next technical target is in the $0.70–$0.80 range. That would mark a return to resistance levels from mid-2024.
Furthermore, traders remain cautious despite today’s bounce. Bitcoin price needs to break $110K for confirmation, and the total market cap must clear $1.14 trillion. If those levels hold as resistance, the rally could lose momentum.
For now, though, easing global tensions and improving altcoin strength have given crypto a strong push, and traders are watching to see if this momentum can hold.
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