Bitcoin rose on Tuesday, buoyed by a broader improvement in risk appetite after U.S. President Donald Trump announced a ceasefire between Israel and Iran, potentially marking an end to their renewed conflict. Media reports showed Tehran and Jerusalem also acknowledging the ceasefire, although Iran continued to attack Israel until minutes before the truce was supposed to take place. Trump announced that the ceasefire had taken effect around 01:00 ET (05:00 GMT). Bitcoin rose 3.2% to $105,042.5 by 01:24 ET (05:24 GMT), although it remained in a tight trading range seen through most of June. Broader crypto markets also advanced, tracking strong gains in other risk-driven assets, specifically equities. Trump says Israel-Iran ceasefire now in effect Trump said in a social media post that his earlier announced ceasefire was now in effect, calling on both parties not to violate the agreement. The truce, if upheld for 24 hours, will mark an end to renewed hostilities between Israel and Iran, Trump said in an earlier post. While Iran was seen launching missiles against Israel until the 11th hour, the strikes did taper off as the deadline for the ceasefire passed. An end to hostilities in the Middle East is likely to serve as a major boost to risk appetite, given that concerns over increased hostilities between Israel and Iran sparked a week of losses in risk assets.

OVHcloud (EPA:OVH) on Tuesday reported third-quarter fiscal 2025 revenue of €271.9 million, a 9.3% like-for-like increase, driven by strong Public Cloud performance and demand in the United States and Asia-Pacific.

Organic growth for the first nine months of the fiscal year reached 9.9%. CEO Benjamin Revcolevschi said OVHcloud is on track to exceed €1 billion in annual revenue.

He cited the repositioning of offerings to support customer needs and noted increased interest in sovereign cloud solutions, calling it a “structural change.”

The company maintained operating discipline in the quarter, particularly in general and administrative expenses. Net revenue retention for existing customers was 104% on a like-for-like basis.

Private Cloud generated €169.3 million in revenue, or 62.3% of the total, up 8.6% like-for-like. Growth was supported by repositioned offerings, with Bare Metal Cloud new customer numbers rising over 25% from the prior-year period.

Hosted Private Cloud was affected by increased license costs since May 2024. A new entry-level offer was launched to restore momentum.

OVHcloud also signed a Private Cloud contract with Arquus for SecNumCloud-certified services.

Public Cloud revenue totaled €53.6 million, representing 19.7% of revenue and up 17.2% like-for-like.

New customer acquisition rose more than 12% from the previous year. The company expanded its AI and data analytics offerings and plans to open a three-availability-zone (3-AZ) region in Milan in 2025, following its existing region in Paris.