Bitcoin (BTC) Surges 3% Following Trump’s US-Iran Peace Deal Announcement

TLDR

• Bitcoin surged to $63,450 following President Trump’s June 11, 2026 announcement of a peace agreement between the U.S. and Iran.
• The cryptocurrency had dropped to $59,000 the previous week amid escalating geopolitical tensions.
• Spot Bitcoin ETFs recorded $213.85 million in outflows on Wednesday, accelerating from the prior day’s $77.4 million.
• Technical analyst Ali Charts identified a symmetrical triangle formation with resistance at $63,000 and support at $61,000.
• The SpaceX IPO, priced at $135 per share with a $75 billion capital raise, was identified as a factor diverting investment from cryptocurrency markets.

Bitcoin experienced a notable 3% rally on Thursday, June 11, 2026, breaking back above the $63,000 threshold after enduring weeks of downward pressure stemming from Middle Eastern geopolitical tensions.

The leading cryptocurrency by market capitalization touched $63,450.18 at 17:44 ET, recovering from the previous week’s low of $59,000. The upward momentum followed President Donald Trump’s declaration that a peace accord with Iran had been successfully negotiated.

Trump revealed via Truth Social that he had called off scheduled military operations against Iran. According to his statement, the peace agreement received endorsement from multiple regional stakeholders, including Israel, Saudi Arabia, the UAE, Qatar, Turkey, and Pakistan, among others.

The announcement triggered a widespread rally across risk-sensitive assets. U.S. stock markets climbed higher while crude oil prices declined as market participants responded to the reduced regional tensions.

Factors Behind Bitcoin’s Recent Decline

Earlier this week, BTC experienced downward pressure as geopolitical strife intensified. Trump had issued threats of additional military action and even suggested seizing Kharg Island, a critical Iranian oil export facility. Tit-for-tat attacks between the United States and Iran created significant market anxiety.

Cryptocurrency markets had already been facing headwinds, with spot Bitcoin ETFs experiencing over $5 billion in net outflows during the preceding three-week period.

Wednesday witnessed investors withdrawing $213.85 million from spot ETFs, a substantial increase from Tuesday’s $77.4 million exodus, based on data from SoSoValue.

The withdrawal of institutional capital was also attributed to the much-awaited SpaceX initial public offering. Elon Musk’s aerospace company announced its IPO pricing at $135 per share on Thursday, securing $75 billion in capital and pursuing a $1.75 trillion valuation target.

Key Technical Levels Under Observation

Cryptocurrency technical analyst Ali Charts highlighted on social media that Bitcoin had developed a symmetrical triangle chart pattern, with overhead resistance positioned at $63,000 and downside support established at $61,000.

Thursday’s release of U.S. producer price inflation figures also maintained Federal Reserve interest rate increase speculation, contributing an additional layer of market uncertainty before Trump’s peace announcement altered market sentiment.

Bitcoin had declined to approximately $62,300 earlier in the trading session following the higher-than-anticipated PPI data, before staging a sharp recovery on the Iran peace development.

As of this writing, BTC was changing hands at $63,173.68, displaying consecutive bullish candles on the 15-minute timeframe subsequent to Trump’s Truth Social announcement.

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