Bitcoin Bounces Back Above $63,000 as Macro Factors Intervene

Bitcoin bounced back above $63,000 after its worst week in months. The largest cryptocurrency had whipsawed from nearly $73,000 to below $60,000 before rebounding to around $63,500 by Saturday.

The recovery came despite a sale of 32 BTC by Michael Saylor's Strategy, which had been seen as a 'never sell' stance. However, analysts say the sale was small compared to the company's nearly 845,000 BTC pile, about 4% of total bitcoin supply.

The rebound followed easing Iran tensions, falling oil prices, and a strong SpaceX debut on Nasdaq. President Donald Trump said the U.S. had effectively ended the war with Iran, while officials pointed to progress toward a signed accord. Brent crude fell toward $85.

Crypto followed the risk-on rally in stocks, with Ether rising 6.4% to $1,663 and Solana gaining 9.5% to nearly $67. However, analysts say a durable turn higher still depends on stronger ETF inflows and renewed large-scale buying.