Bitcoin Surpasses $64,000 Following Pakistan Prime Minister's Remarks on Iran Peace Deal

Bitcoin has climbed above $64,000, fueled by significant ETF inflows and positive geopolitical news from the Middle East.

Price Surge and ETF Inflows

This Saturday, Bitcoin reached an intraday high of over $64,200, marking an increase of more than 8% from its recent low of approximately $59,000. The cryptocurrency's rise comes as it attempts to end a four-week streak of losses.

• In the past 24 hours, Bitcoin gained over 1%, contributing to its overall increase this week.
• On Friday, U.S. spot Bitcoin ETFs saw their highest net inflows in nearly a month, totaling $85.9 million.
• Pakistan's Prime Minister expressed optimism about a potential peace deal with Iran, indicating that discussions are advancing quickly, which could reduce regional tensions.

Market sentiment has been positively impacted by these geopolitical developments. The Prime Minister stated on X, "We are closer to a peace deal than ever before. Finalization is expected within the next 24 hours, with technical talks scheduled for next week."

The notable inflow into Bitcoin ETFs on Friday suggests renewed interest from investors, following a period of selling pressure as some liquidated their positions to raise funds for the SpaceX initial public offering.

If Bitcoin maintains its current trajectory, it could conclude the week positively, breaking its recent losing streak.