Bitcoin rebounds to $63,550 as Trump signals US-Iran de-escalation
By
Shaurya Malwa
4h ago· 1 min readenNews
38/100
Stale
Bagelometer↗
More crust than filling. Mostly air.
Score38TypenewsSentimentpositive
Summary
Bitcoin rebounded to $63,550 after President Trump signaled de-escalation in the Iran conflict, reversing a week of risk-off sentiment that had driven crypto below $60,000. The broader market also responded positively, with oil prices falling and global stocks rising on the news of a potential US-Iran deal.
Key quotes
· 4 pulledBitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data.
Days earlier it had fallen to levels last seen in 2024 - below $60,000 - but has recovered and climbed back to a weekly gain.
President Donald Trump said the US was close to a deal with Iran and that he had 'ended the war with Iran today.'
Markets read it as the end of a conflict that has whipsawed prices for more than 100 days.
A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.
