Bitcoin (BTC) extended its gains to cross $107,000 as the crypto market surged again. The flagship cryptocurrency was buoyed by easing geopolitical tensions as President Donald Trump announced that Israel and Iran had reached a ceasefire agreement. Institutional interest and sustained whale activity have also helped prices push higher. BTC is up nearly 2% over the past 24 hours, trading around $107,050. Bitcoin (BTC) And Crypto Markets Rise The crypto market cap is up nearly 1% in the past 24 hours as Bitcoin (BTC) extended its gains for a third day to reclaim $107,000. BTC regained $105,000 at the beginning of the week, rebounding from a low of $98,385 on Sunday. Bullish sentiment returned on Monday following the ceasefire announcement, as BTC rose over 4% to reclaim $105,000 and settle at $105,442. The likely catalyst for BTC’s latest rally is easing tensions in the Middle East. US President Donald Trump announced a ceasefire between Israel and Iran and urged both countries to respect it. The ceasefire announcement was made after US B2 aircraft targeted Iran’s nuclear facilities. The airstrikes prompted a symbolic response by Iran, which struck a US base in Qatar. However, it reportedly gave the US ample warning, allowing it to evacuate personnel and avoid major escalation. The ceasefire brought relief to traders as a full-blown conflict could have destabilized the global economy and sent prices skyrocketing. Iran also threatened to close the Strait of Hormuz, which sees around 20% of the global oil supply pass through it. Spot Bitcoin ETFs Near Two-Week Inflow Streak US spot Bitcoin ETFs continued to attract inflows as geopolitical tensions eased, nearing a two-week inflow streak. According to data from SoSoValue, US spot Bitcoin ETFs registered a combined $588.5 million in inflows on June 24. This was the strongest single-day performance in over a month, extending the current streak of inflows to 11 days. The ETFs have registered over $3.3 billion in inflows since the streak began. Not surprisingly, BlackRock’s IBIT led the daily inflow chart with $436.32 million in inflows, accounting for nearly three-quarters of the daily total. Fidelity’s FBTC registered $85.16 million in inflows, while ARK Invest’s ARKB registered $43.85 million. Meanwhile, Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL collectively registered $23.22 million in inflows. However, smaller funds did not register any inflows on the day. The spike in inflows was driven by easing tensions in the Middle East after Israel and Iran agreed to a ceasefire. Anthony Pompliano’s Crypto Venture Purchases 3,724 BTC Crypto entrepreneur Anthony Pompliano’s firm ProCap has announced its first Bitcoin purchase days after revealing its plan to go public later this year. The firm said Tuesday it purchased 3,724 BTC for $386 million. The company’s holdings are worth just shy of $400 million at current prices, with BTC gaining since the purchase. ProCap released a statement announcing the purchase, stating, “American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC , LLC, a bitcoin-native financial services firm (the “Company”) has purchased 3,724 bitcoin at a time-weighted average price ("TWAP") of $103,785 per bitcoin, following the Company’s June 23, 2025 announcement of a proposed $1 billion business combination with Columbus Circle Capital Corp. The bitcoin was acquired as part of the Company’s ongoing Bitcoin purchase program.” ProCap plans to purchase $1 billion worth of Bitcoin as part of its ongoing business strategy. Bitcoin (BTC) Price Analysis Bitcoin (BTC) reclaimed $107,000 as it extended its gains for a third consecutive day. The flagship cryptocurrency faced considerable selling pressure over the weekend as the Middle East conflict escalated, falling 1.17% on Saturday. Bearish sentiment increased on Sunday after the US carried out airstrikes on key Iranian sites, prompting a symbolic retaliation. As a result, BTC plunged below $100,000, falling to $98,385 before recovering to reclaim $100,000 and settling at $100,982. However, President Trump announced a ceasefire, boosting market sentiment. As a result, BTC rallied on Monday, rising over 4% to cross $100,000 and settle at $105,442. Analysts believe BTC is primed to move past $110,000 after the latest exchange order book data from CoinGlass showed prime conditions for a new round of “liquidity grabs” up to $111,000. Popular trader and analyst Mark Cullen stated, “I wouldn't be surprised to see $BTC push a little higher into the 107K's before pulling back and taking the liquidity below 105-104K with a quick wick.” Another trader noticed that upside liquidity around current all-time highs had become significant relative to that sitting below price. This, according to the analyst, increased the odds of a move higher. “Downside liquidity is completely taken out. $111,000 looks eager to be tagged next. New all-time highs - sooner than you think?” Meanwhile, Trader Skew, another prominent analyst, flagged $103,000 as a key level in the event of a downside liquidity grab. “Currently, the market is pretty neutral in terms of positioning, longs opening targeting higher & shorts opening here as hedges. The more liquidity that gets attracted here = The greater the reaction.” BTC started the previous week on a bullish note, rising 1.18% to cross the 20-day SMA and settle at $106,808, but not before reaching an intraday high of $108,939. However, BTC lost momentum on Tuesday, falling over 2%, slipping below the 20-day SMA and $105,000 and settling at $104,519. The price recovered on Wednesday, rising 0.35%, but was back in the red on Thursday, registering a marginal decline and settling at $104,631. BTC raced to an intraday high of $106,513 but lost momentum after reaching this level. As a result, it fell 1.18%, slipping below the 50-day SMA and settling at $103,388. Source: TradingView Sellers retained control on Saturday as BTC fell 1.17% to $102,180, but not before dropping to an intraday low of $100,979. The price plunged below $100,000 on Sunday, falling to a low of $98,385 as markets tumbled after US airstrikes on Iran. However, BTC recovered from this level to reclaim $100,000 and settle at $100,982. Market sentiment flipped to bullish on Monday after Trump announced a ceasefire between Israel and Iran. As a result, BTC surged over 4% to reclaim $105,000 and move to $105,442. The price continued to push higher on Tuesday, rising 0.66% to cross the 20 and 50-day SMAs, reclaim $106,000, and settle at $106,138. The current session sees BTC up nearly 2%, trading around $107,990. If bullish sentiment persists, the price could push to $110,000-$111,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
