Bitcoin climbed above $63,000 Thursday after President Donald Trump announced via Truth Social that he was canceling scheduled U.S. military strikes against Iran and signaling that a multi-nation agreement was close.
Trump wrote that “discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved,” and that “discussions and final points have been, in both concept and great detail, approved by all parties,” naming Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.
Bitcoin had touched a 24-hour low of $61,101 earlier Thursday while U.S. strike threats were live before rallying to a session high above $63,600. The token was trading around $63,720, up roughly 3% on the day, per CoinGecko.
The price move fits a pattern that has defined Bitcoin trading through the months-long U.S.-Iran conflict. The cryptocurrency has tracked geopolitical risk closely, selling off on escalation and recovering on de-escalation. When Trump announced a five-day pause in strikes in late March, Bitcoin surged above $71,000. When ceasefire talks last produced a deal, the token spiked on short liquidations. Both of those moves faded when hostilities resumed.
