Yesterday, Thursday, June 11, 2026, Bitcoin (BTC) soared above $63,000 after it was revealed that US President Donald Trump called off a military attack on Iran that was scheduled for that night.
The President of the United States announced this on TruthSocial, confirming that negotiations with the Islamic Republic of Iran have reached the highest level of leadership and the agreement has been approved by all parties involved, including the United States, Israel, Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, and Egypt.
Trump said the blockade will continue until the “deal” is completed, and that the date and location of the signing will be announced soon.
As reported by CriptoNoticias yesterday, this news acted as an immediate catalyst for the Bitcoin market. After hovering around USD 60,000 for several days and hitting a year-to-date low in early June, Bitcoin reacted to the rally and regained the USD 63,000 region, a level not seen for several days.
The chart below shows the evolution of Bitcoin’s price over the past 30 days.
not a final agreement yet
But this euphoria needs to be tempered by the nuance provided by the information available on Friday 12 June. Hopes for peace between Iran and the United States were raised after President Trump said a deal could be signed this weekend, but Tehran has vowed it has not yet made a final decision on the deal, according to Reuters.
If approved, the deal would be the most important diplomatic breakthrough yet to end a three-month war that has already killed thousands and sent global energy prices soaring as Iran has almost completely closed the Strait of Hormuz to maritime traffic.
“We’ve just reached a great agreement on war with Iran,” President Trump assured reporters at the White House, adding, “Once it’s signed, the strait will officially open. That could happen very quickly, maybe as early as the end of this week in Europe.” Asked whether Iran’s Supreme Leader Mojtaba Khamenei had given his approval, President Trump said: “My understanding is that the answer is yes.”
But it’s worth remembering that Since mid-March, President Trump has repeatedly said a deal with Iran is close.both sides exchanged attacks this week, straining a ceasefire announced in April.
The war has already been going through months of waxing and waning, broken ceasefires and new escalations. President Trump’s own pattern of announcements since March, promising an imminent deal but failing to deliver, urges us to read yesterday’s news carefully. But markets usually react to headlines first and process nuances later.
Add to this the internal political aspects of the United States. The conflict has been a headache for the White House, with polls showing President Trump’s approval ratings declining due to voter anger over rising gas prices, and some Republicans worried that the unpopularity of the war could cost them control of Congress in November’s election.
And at the regional level, Prime Minister Benjamin Netanyahu’s office clarified after his meeting with President Trump that Israel is not included in the memorandum of understanding with Iran, although questions remain about how strong the front of countries that have already granted recognition really is, according to President Trump.
The other side of the coin: SpaceX debuts on Wall Street
While the market was celebrating a geopolitical break, on the same Friday, June 12, 2026, another event occurs that could work in the opposite direction for Bitcoin. Elon Musk’s aerospace company SpaceX begins trading on Nasdaq The ticker is SPCX and it will be the largest stock market launch in history.
As announced by CriptoNoticias, the IPO comes in the midst of what analysts at BloFin Research describe as the “largest mega-IPO cycle” in recent history, which also includes OpenAI and Anthropic. Combined, this new stock launch cycle could absorb more than $240 billion from the market by the end of 2026.
The U.S. Spot Bitcoin ETF has been experiencing net outflows since mid-May, a sign that some institutional investors are pivoting to these new opportunities in traditional markets.
The logic is simple. If a business of this size needs to find tens of billions of dollars, that money will come from somewhere, and Bitcoin is one of the most likely candidates to finance that demand, along with other assets considered “risky.”
Bitcoin is thus caught between two forces pulling in opposite directions on the same day. On the one hand, the potential for detente in the Middle East to reduce oil-related inflationary pressures and improve appetite for risk assets; Another is a historic IPO that could drain liquidity from the segment in which BTC competes for capital.
Some analysts, including those at Brofin, have argued that the outflow is temporary and that funds could return to Bitcoin toward the end of the year, when the stock lock-up period for SpaceX employees and early investors ends. But that’s a future hypothesis for now.
Specifically, Bitcoin will experience one of its most volatile periods in 2026Every headline can move prices in a matter of hours, whether it’s about Iran, the Federal Reserve, or the next big tech IPO.
We will need to closely monitor whether the signing of the deal with Iran actually happens this weekend and how capital flows will react once SpaceX stock begins operating successfully on the Nasdaq.
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