Bitcoin Price Rebounds Above $63K After Trump Cancels Iran Strikes

Bitcoin (BTC) rebounded above $63,000 after US President Donald Trump announced that he had canceled planned strikes on Iran and revealed progress toward a peace agreement.

The news erased losses caused by hotter-than-expected U.S. producer inflation data, which had briefly pushed BTC toward $62,500.

Trump's announcement sparked a broader risk-on reaction across financial markets, with oil prices falling sharply and major cryptocurrencies moving higher.