Markets Bitcoin Surpasses $64,000 Following Pakistan Prime Minister's Remarks on Iran Peace Deal
On Saturday, Bitcoin traded above $64,000, buoyed by its strongest ETF inflows in a month and increasing optimism regarding geopolitical developments.
By James Van Straten, AI Boost Jun 13, 2026, 4:16 p.m. 1 min read Make preferred on
Bitcoin rose above $64,000 on Saturday, marking a gain of over 8% from its June low of approximately $59,000, thereby positioning it to potentially break a four-week losing streak.
- Bitcoin climbed past $64,000, reaching an intraday peak exceeding $64,200. The leading cryptocurrency by market cap has increased by more than 1% in the last 24 hours and is up over 8% from its June low of just above $59,000.
- On Friday, U.S. spot bitcoin ETFs recorded net inflows of $85.9 million, the largest single-day inflow since May 14.
- Pakistan's Prime Minister announced that a peace agreement is closer than ever, with finalization anticipated within 24 hours and technical discussions set for the following week, raising hopes of diminished regional tensions.
Market sentiment has been further bolstered by positive geopolitical shifts in the Middle East.
Pakistan's Prime Minister stated on X: "We are closer to a peace deal than ever before. With finalization expected within the next 24 hours, Pakistan is preparing for the electronic signing of the agreement immediately after, followed by technical-level talks next week."
On Friday, the largest daily inflow into U.S. spot Bitcoin ETFs since May was recorded, with net inflows totaling $85.9 million. The last occasion when inflows surpassed this amount was on May 14.
A Standard Chartered analyst noted on Friday that ETF investors have been liquidating their positions to generate cash for participation in the SpaceX initial public offering (IPO). Following the launch of SpaceX's IPO on Friday, this selling pressure may finally ease, the analyst suggested.
Currently, Bitcoin has risen about 1% this week. If it sustains these gains through the weekly close, it would end a streak of four consecutive weeks of losses.
Read more: Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
Bitcoin NewsAI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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