Bitcoin climbs back into the green as Trump signals an end to the Iran war

Markets Bitcoin climbs back into the green as Trump signals an end to the Iran war A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days. By Shaurya Malwa Jun 12, 2026, 5:14 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show Bitcoin rebounded above $63,000 after a week of risk-off selling, helped by a sudden de-escalation in the conflict with Iran. Global markets rallied on the perceived end of the Iran war, with oil prices falling, gold and silver jumping, and Asian stock indexes posting their biggest gains in months. Major cryptocurrencies broadly climbed alongside bitcoin, but the durability of the bounce hinges on a formal Iran deal that President Trump says could be signed in Europe this weekend. The risk-off mood that hammered crypto all week is reversing. Bitcoin is back in the green, and the trigger was a sudden de-escalation in the Iran war. Bitcoin 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. A key catalyst came as 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. Brent crude dropped 2% to about $88.50 a barrel, while gold and silver prices surged. The move extended to stocks. South Korea's Kospi, a gauge for AI stocks, rose 8.4%. MSCI's Asia Pacific index gained 3.5%, its biggest rise in two months. US stock futures pointed higher and European shares were set to open up 1.8%. A calmer Middle East takes pressure off oil, which eases the inflation that has fed bets on higher interest rates - the same rate fear that helped drag crypto and gold down this week. The bounce was broad. Ether rose 1.3% to $1,673, BNB gained 1.5% to $602 and solana added 3.0% to $67. XRP and dogecoin each rose more than 2%. Hyperliquid's HYPE led the majors, up 7.6% on the day, though it remains the weakest over the week. TRON was the only decliner, down 2.0%. Attention now turns to SpaceX. The company lists on Nasdaq on Friday after raising $75 billion, the largest IPO ever. Pre-listing markets are pricing a debut pop of at least 35%. Bitcoin is up 1.4% over the past seven days, a sharp turn from a week that opened with it touching bear-market lows. Whether the bounce holds now depends on the Iran deal getting signed, which Trump said could happen this weekend in Europe. Latest Crypto News 1 Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO 9 hours ago 2 Coinbase launches AI agent accounts that can trade and spend on your behalf 12 hours ago 3 Banking rails are moving past the 'stablecoin winner' narrative: Sygnum 12 hours ago 4 Crypto for Advisors: Crypto ETFs 14 hours ago 5 U.S. House bill would erect crypto-theft task force across law enforcement agencies 14 hours ago 6 SpaceX stock is coming to Solana on the same day it lists on Nasdaq 15 hours ago 7 Canton Network developer raises $355 million to bring Wall Street onchain 15 hours ago 8 Tether leads $1.4 billion funding round in German robotics company Neura 15 hours ago 9 CoinDesk 20 performance update: Uniswap (UNI) gains 4.5% as all constituents rise 15 hours ago 10 Citi opens new route into private markets with tokenized share offering 15 hours ago Latest Research RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. By CoinDesk Research Jun 9, 2026 Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. Why it matters : Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B. View Full Report More From Markets Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO It's not SpaceX. Bitcoin ETF outflows may be an arbitrage story Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics