Bitcoin (BTC) is trading at around $64,000 as of this writing this Saturday, June 13, 2026, its highest price in a week. The price of digital currency is Driven by signs that the US and Iran are close to signing a deal This would bring an end to the war that has been going on since February 28th.
As you can see from the following graph, Bitcoin is coming from an unstable path, There has been a slow but sustained recovery for several days since Wednesday, June 10th.
According to Reuters, a senior US official said this. US and Iran The two countries have already agreed in writing, and Washington says it hopes to sign the first agreement within days.
Iranian Foreign Minister Abbas Arakchi acknowledged that changes were still possible, but insisted the draft showed Iran had emerged stronger from the conflict. “Iran is the winner of the war with the United States,” he said on state television on Friday.
Hours after these statements, the US military shot down several Iranian drones heading into the Strait of Hormuz. U.S. Central Command confirmed this action and assured that the sea lanes remain open.
What the draft agreement includes
According to information from Reuters, the memorandum: reopening of the Strait of Hormuz and lifting of the US naval blockade of Iranian ports;
Negotiations over Iran’s nuclear program, which President Trump initially justified going to war with, will be deferred to a later stage with a 60-day deadline.
U.S. officials said the deal is aimed at ending the dismantling of Iran’s nuclear program, including the destruction of its enriched uranium stocks. However, Araqchi indicated that Iran has not agreed to abandon the program and intends to keep the uranium in diluted form.
According to Reuters, an anonymous source said. The signing could take place this Sunday, possibly in Geneva.
The Israeli side has already warned that the memorandum is not part of the Memorandum of Understanding. Prime Minister Benjamin Netanyahu has clashed with President Trump over the US government’s demands for an end to attacks on Israel in Lebanon.
Traditional markets are already reacting; Brent crude oil fell more than 3% in 24 hours to its lowest price since March.
Bitcoin trapped in report
Bitcoin’s rise came a day after CriptoNoticias reported that assets exceeded US$63,000 following President Trump’s initial announcement about halting military strikes against Iran.
The memo stated: Bitcoin was caught between two forces. On the one hand, there is the easing of tensions in the Middle East, and on the other hand, there is an escalation of tensions in the Middle East. On the other hand, SpaceX’s stock market debut on the Nasdaqthis could lead to a drain of liquidity from the cryptocurrency market towards the tech mega-IPO segment.
According to the Spot Bitcoin ETF, its outflows have seen net outflows since mid-May. But the rise over the past 24 hours suggests that: For now, geopolitical factors are outweighing SpaceX’s competition for capital.
It is worth remembering that President Trump has been announcing an impending deal with Iran for months that has since failed to materialize, and that the two countries exchanged attacks this week. Iran’s foreign minister himself acknowledged before signing the agreement that “there is still a possibility of changes.”
What analysts think about the Bitcoin market
CryptoQuant analyst Darkfost said: Bitcoin’s bear market could continue for several months yet. According to their reading, the realized price for long-term holders (LTH) is closer to $49,500, while the realized price for short-term holders (STH) is closer to $72,500. In every previous bear market, the cost of STH has fallen below the cost of LTH, but that hasn’t happened yet this cycle.
Trader Michael van de Poppe is more optimistic, thinking: This is an ideal area to accumulate Bitcoin positions. Their prediction is that confirmation of the deal between the US and Iran could push the price back above $65,000, boosting the altcoin market and the decentralized finance (DeFi) sector as well.
With the signing of the agreement still pending and the history of unfulfilled promises, the market seems to be anticipating a scenario that will only be confirmed (or unconfirmed) in the coming hours.
If a deal is signed this weekend as expected by Western sources, Bitcoin could test the $65,000 zone mentioned by Van de Poppe. If postponed again, the asset could retreat towards the $61,000-$62,000 range where it spent most of the week.
