Bitcoin (BTC) price rebounded this Thursday, June 11, 2026, passing the $61,000 milestone.
The following graph shows the evolution of digital currency prices over the past 7 days.
On a market basis, Bitcoin rose about 3% in 24 hours, from $61,400 to $63,246. At the same time, the total cryptocurrency market increased by 2.67% to nearly $2.18 trillion. However, during the week the sector suffered a major correction, with losses estimated at $390 billion.
This bullish move is a direct response to the US President’s announcementDonald Trump on Thursday asserted that he had reached a “big deal” with Iran to end the war, and suggested it could be signed “maybe in Europe” within days, a sudden turn of events just hours after he predicted a new attack.
Bitcoin price managed to recover after falling below $64,000 level This increase was primarily driven by two factors. As CriptoNoticias pointed out, the temporary easing of geopolitical tensions in the Middle East and new purchases of BTC by strategy firms.
The suspension of direct conflict between Israel and Iran has been confirmed, easing pressure on global markets. The ceasefire came after US President Donald Trump called on both sides to immediately cease hostilities, according to Reuters.
In parallel, Strategy acquired $101 million worth of Bitcoin. Additionally, company president Michael Saylor reported that the company’s cash position had increased to $1 billion and suggested on social media that current price levels could present an attractive buying opportunity.
Following the June 11 rally, Bitcoin appears to be heading towards the near-term predictions of some within the ecosystem. Analyst Michael van de Poppe pointed out the following from a technical perspective: The $64,000-$65,000 zone will be the decisive resistance.that breakout could pave the way for a move towards higher levels in the $71,000 to $73,000 range.
