Bitcoin surpassed $106,000 amid easing Middle East tensions

As reported by CoinDesk, the crypto market remained volatile on Monday after Donald Trump claimed a deal between Iran and Israel was reached. Bitcoin gained nearly 3%, climbing back above $106,000 after dipping to $98,500 earlier. The cryptocurrency has since given up some of those gains and is now hovering around $105,000. 

Meanwhile, altcoins posted even stronger growth, with ETH, XRP, and Solana all jumping roughly 8–10%. Ethereum stood out in particular, surging to $2,438. According to CoinDesk, the rally was driven not only by news of the agreement but also by heavy accumulation from institutional investors. Blockchain data shows that during the recent dip, major players purchased more than $265 million worth of ETH.

At the same time, Ethereum's fundamentals remain strong. Since mid-May, the network has been adding roughly 1 million new addresses weekly, marking a 50% increase over last year's figures. As market volatility subsides and investors regain appetite for risk assets, analysts suggest these conditions could help the cryptocurrency break through the $2,500 level, said CoinDesk.