Bitcoin rises above $64,000 after Pakistan prime minister says Iran peace deal is near

Markets Bitcoin rises above $64,000 after Pakistan prime minister says Iran peace deal is near Bitcoin traded above $64,000 on Saturday, supported by its strongest ETF inflows in a month and growing optimism around geopolitical developments. By James Van Straten , AI Boost Jun 13, 2026, 4:16 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on BTCUSD (TradingView) Summary Show Bitcoin climbed above $64,000 on Saturday, gaining more than 8% from its June low near $59,000 and putting it on track to end a four-week losing streak. U.S. spot bitcoin ETFs recorded $85.9 million in net inflows on Friday, the largest daily inflow since May 14. Pakistan's Prime Minister said a peace agreement is closer than ever, with finalization expected within 24 hours and technical talks scheduled for next week, boosting hopes of reduced regional tensions. Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200. The largest cryptocurrency by market capitalization is up more than 1% over the past 24 hours and is now up over 8% from its June low of just above $59,000. Sentiment has also been supported by further positive developments on the geopolitical front in the Middle East. Pakistan's Prime Minister stated on X: "We are closer to a peace deal than ever before. With finalisation likely within the next 24 hours, Pakistan is preparing for the electronic signing of the agreement immediately afterwards, followed by technical-level talks next week." Meanwhile, Friday recorded the largest daily inflow into U.S. spot Bitcoin ETFs since May, with net inflows totaling $85.9 million. The last time inflows exceeded this level was on May 14. On Friday, a Standard Chartered analyst said that ETF holders have anecdotally been liquidating their positions to free up cash to participate in the SpaceX initial public offering. After SpaceX's IPO launch on Friday, it may finally ease that selling pressure, the analyst added. Bitcoin is currently up around 1% on the week. If it maintains those gains through the weekly close, it would break a streak of four consecutive weeks of losses. Read more: Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst Bitcoin News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . Latest Crypto News 1 Wall Street is moving past crypto pilots and deeper into Ethereum, says Etherealize founder 17 minutes ago 2 Tokenization mirrors the $20 trillion ETF boom as blockchain and AI converge, Ondo exec says 48 minutes ago 3 Perpetual futures could become crypto's next ETF moment 2 hours ago 4 Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin 3 hours ago 5 Crypto should adopt the best of centralization, says LMAX CEO 3 hours ago 6 Ripple wants AI agents to pay in XRP and RLUSD. The market is still mostly USDC 4 hours ago 7 Top cryptographers can't agree on Bitcoin's biggest quantum question 10 hours ago 8 Anthropic's pre-IPO shares fall as U.S. government shuts down its most powerful AI model 10 hours ago 9 Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue 10 hours ago 10 SpaceX IPO scramble reveals difference between tokenizing a stock and getting one 11 hours ago Latest Research The Incentive Dynamic Engine: A New Era for io.net Tokenomics The Incentive Dynamic Engine: A New Era for io.net Tokenomics io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. By CoinDesk Research Jun 12, 2026 Commissioned by io.net io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. Why it matters : io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. View Full Report More From Markets Saylor to Musk: Thanks to you, 25% of 'Mag8' firms now hold bitcoin Anthropic's pre-IPO shares fall as U.S. government shuts down its most powerful AI model Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue