Bitcoin rises 5% after Trump says Iran deal ‘almost complete’

Bitcoin climbed about 5% to roughly $64,000 on Sunday after President Donald Trump said on social media that Israeli Prime Minister Benjamin Netanyahu would have ‘no choice’ but to accept a U.S.-brokered deal with Iran. Prices later eased and settled near $62,500.

Trump wrote that the agreement is ‘almost complete’ and expected an announcement at the start of the new business week. Market participants treated the remarks as a firmer signal than weeks of ceasefire speculation and pushed prices higher within hours.

On June 5 bitcoin fell to an intraday low near $59,100, its weakest level since February. At those lows more than half of all bitcoin holdings were in unrealized loss and short-term charts pointed to an oversold market, leaving scope for a rebound.

The prior pullback forced heavy liquidations earlier in the month, wiping out hundreds of thousands of leveraged positions. A rapid reversal can trigger short-covering that amplifies gains; after Sunday’s jump prices slipped below $63,000, illustrating how quickly headline-driven moves can change.

Bitcoin’s price has been sensitive to developments in the Middle East this year. The token traded above $77,000 earlier in 2026 while U.S. officials considered options on Iran, and markets have reacted to signals of de-escalation as well as renewed tensions.

Analysts said a confirmed, concrete agreement between Washington and Tehran could extend a rebound in risk assets, including bitcoin, while stalled talks or fresh exchanges of fire could push prices back toward the 2026 lows. Higher oil prices tied to the standoff have added to inflation concerns and complicated the Federal Reserve’s rate path, with some officials declining to rule out further hikes and delaying expected cuts.