Bitcoin (BTC) rebounded on Thursday, June 11, 2026, after President Donald Trump announced a peace deal between the U.S. and Iran.
The leading digital currency by market capitalization surged to $63,450.18 at 17:44 ET, up from its weekly low of $59,000.
Trump revealed via Truth Social that he had called off planned military operations against Iran, stating, 'We just made a great settlement of the war with Iran.'
The announcement triggered a broad rally across risk assets, including U.S. stock markets and crude oil prices.
Cryptocurrency markets were already experiencing stress due to escalating geopolitical tensions, which had led to over $5 billion in capital exiting spot Bitcoin ETFs throughout the preceding three-week period.