Key Takeaways:
Bitcoin surged to $105,000 following an announcement by former President Donald Trump that a ceasefire had been reached between Israel and Iran.
The declaration was made on Truth Social after Iran launched missiles aimed at a U.S. military base in Qatar.
Shortly after Trump’s announcement, prediction market Polymarket recorded a 99% probability of a ceasefire, an increase from mere single digits.
Additionally, Polymarket is exploring a $200 million fundraising round, potentially valuing the platform at over $1 billion.
As of today, Bitcoin’s price has climbed back to the $105,000 mark, sparked by Trump’s peace announcement made on June 23.
Data from CoinMarketCap indicates that Bitcoin briefly hit a high of $106,000 before stabilizing around the current rate of $105,064.
Bitcoin Reaches $105K Following Trump’s Ceasefire Declaration
“Israel & Iran came to me, almost simultaneously, and said, ‘PEACE!’ I knew the time was NOW. The World, and the Middle East, are the real WINNERS! Both Nations will see tremendous LOVE, PEACE, AND PROSPERITY in their futures,” Trump wrote on social media.
He further stated, “They have so much to gain, and yet, so much to lose if they stray from the road of RIGHTEOUSNESS & TRUTH. The future for Israel & Iran is UNLIMITED, & filled with great PROMISE.”
“CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE…” –President Donald J. Trump pic.twitter.com/hLTBT34KnG
— The White House (@WhiteHouse) June 23, 2025
The ceasefire follows missile strikes launched by Iran on a U.S. military facility in Qatar, which reportedly did not result in significant damage or casualties.
Since the ceasefire announcement, Israel has accused Iran of instigating further attacks, which Iran has denied.
“ISRAEL is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave’ to Iran. Nobody will be hurt, the Ceasefire is in effect!” Trump added.
On Polymarket, the odds of a ceasefire between Israel and Iran surged to 99%, a dramatic increase from just 8% earlier on June 23. Meanwhile, the prospects of a renewed U.S.-Iran nuclear deal remain in flux, with Polymarket currently estimating a probability of 44%.
“IRAN WILL NEVER REBUILD THEIR NUCLEAR FACILITIES!” declared Trump.
Polymarket Seeks $200 Million as Users Bet on Peace
According to The Information, Polymarket is negotiating a $200 million investment round that could push its valuation past $1 billion.
This follows the platform’s earlier fundraising efforts that brought in $70 million, which included a $20 million Series A led by General Catalyst and a $45 million Series B funded by Founders Fund.
Bitcoin’s swift increase has reignited discussions about its role as a safe haven in times of geopolitical tension. Traders quickly responded to the ceasefire announcement, lending credence to the idea that cryptocurrency markets can react more swiftly than traditional securities during international crises.
The growing volume on Polymarket indicates an increasing interest in decentralized platforms for assessing political developments. Users seem to be gravitating towards crypto-based prediction markets to gain quicker insights into diplomacy, conflict, and significant global decisions.
Frequently Asked Questions (FAQs)
What makes Polymarket different from traditional prediction tools?
Polymarket leverages blockchain technology for on-chain resolution of predictions, ensuring transparent odds and quick outcome determinations.
How does Polymarket maintain credibility and accuracy?
Outcomes are verified using third-party oracles and set criteria, minimizing subjective bias. Disputes are managed through decentralized governance, promoting transparency and integrity.
Could Polymarket’s growth lead to regulatory scrutiny?
As Polymarket expands and seeks additional funding, it may come under increased scrutiny from U.S. regulators, particularly given the ambiguous legal status of prediction markets in various jurisdictions.
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