Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue

MarketsBitcoin steadies above $63,000 as its worst week in months got a late macro rescueA tiny Strategy sale raised a bigger question about Saylor’s never-sell stance, while easing Iran fears and a strong SpaceX debut helped risk assets recover.By Shaurya MalwaUpdated Jun 13, 2026, 5:54 a.m. Published Jun 13, 2026, 5:46 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin whipsawed from nearly $73,000 to below $60,000 before rebounding to about $63,500, briefly entering a valuation zone typically associated with bear-market bottoms without triggering a full capitulation sell-off.A small but symbolically important sale of 32 bitcoins by Michael Saylor’s Strategy, long identified with a “never sell” stance, rattled traders already uneasy about weak risk appetite and rising geopolitical and rate concerns.The recovery in bitcoin and other major cryptocurrencies followed easing Iran tensions, falling oil prices and a broader risk-on rally in stocks, but analysts say a durable turn higher still depends on stronger ETF inflows and renewed large-scale buying.Bitcoin nearly broke this week, then macro gave it a way back.The largest crypto opened near $73,000 last Sunday, slid below $60,000 for the first time since the U.S. election in November 2024, and recovered to about $63,500 by Saturday, according to CoinDesk data. It remains roughly 50% below its October 2025 record near $126,000.The move pushed bitcoin into a valuation zone usually seen near bear-market bottoms, but it never produced the kind of panic flush that normally confirms one.A catalyst for the slide came from Michael Saylor’s Strategy, the largest corporate bitcoin holder, which disclosed on June 1 that it sold 32 BTC for about $2.5 million between May 26 and May 31 to fund dividends on its STRC preferred shares. The sale was tiny compared with the company’s roughly 845,000 BTC pile, about 4% of total bitcoin supply.Say…

Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue

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