Bitcoin Rebounds Past $65K Amid US-Iran Tensions and Institutional Investment

Bitcoin has regained the $65,000 level after a week of decline. The cryptocurrency's price rose to $65,858 on June 15, marking a 0.28% increase from the previous day, according to Coin360.

The rebound is attributed to several factors, including the easing of tensions between the US and Iran. President Trump's decision to cancel additional air strikes on Iran on June 11 and his announcement that a peace agreement memorandum of understanding could be signed this weekend contributed to market optimism.

Additionally, Pakistan Prime Minister Shehbaz Sharif stated that talks between the US and Iran could be concluded in the coming days, further supporting market sentiment.

The listing of SpaceX on Nasdaq on June 12 also sent a positive signal to the crypto market. The company's IPO filing revealed that it holds 18,712 bitcoins worth around $1.29 billion as a strategic reserve.

Moreover, institutional flows are showing signs of a reversal, with spot Bitcoin ETFs posting net inflows of $85.85 million on June 12, the largest single-day net inflow in four weeks.