Bitcoin rose roughly 3% to above $63,000 Thursday after Trump canceled scheduled Iran strikes and signaled a multi-nation peace deal was nearing completion.

Trump said Netanyahu has no choice but to accept a US-Iran deal. Bitcoin surged 5% to $64,000 on de-escalation hopes before settling near $62,500.

Iran and Israel exchanged missile strikes on June 7, sending oil prices up over 3% and Bitcoin sliding toward $63K as Trump called for an immediate