Tensions in the Middle East have eased, resulting in a widespread increase in cryptocurrency prices. The price of Bitcoin has surpassed $108,000.
According to global cryptocurrency market tracking site CoinMarketCap on the 30th, as of 8 a.m., Bitcoin is being traded at $108,103, a rise of 0.7% from the previous day. At the same time, the price of Ethereum has risen 2.7% to $2,505. Ripple (XRP) increased by 1.4% to $2.21, and Solana increased by 1.4% to $153.
It is interpreted that the rise in cryptocurrency prices is also a result of easing tensions in the Middle East. On the 24th (local time), news broke that U.S. President Donald Trump had led an agreement for a ceasefire between Israel and Iran, causing cryptocurrency prices to continue to rise.
However, as expectations for the suspension of reciprocal tariffs imposed by the U.S. on trading partners fade, the rise in cryptocurrency prices is expected to be stifled. In an interview with Fox News, published on the 29th (local time), when President Trump was asked, "How do you plan to act as the deadline for the suspension of reciprocal tariffs approaches?" he explained, "It's very simple. We're going to send a letter. I think it's better for me to do it now."