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

MarketsBitcoin climbs back into the green as Trump signals an end to the Iran warA 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 readMake preferred on CompartirCompartir este artículoCopiar enlaceX iconX (Twitter)LinkedInFacebookCorreo electrónicoMake preferred on SummaryShowBitcoin 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.…

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

Coins in this story

Related stories

The company that makes your TV is taking ads onchain. Arbitrum helped

While bitcoin holds near $63,000, some data points to pain ahead for bulls

There's one simple way to tell whether bitcoin has really bottomed. Right now, it hasn't.