Bitcoin Hits $64,349 on June 12 Amid Trump's Iran Deal Announcement

Bitcoin reached $64,349 on June 12, its highest price in seven days, after U.S. President Donald Trump announced a deal with Iran to end hostilities. The cryptocurrency initially surged following Trump's Thursday afternoon announcement, breaking the $63,000 resistance level, but faced volatility as Iranian state media denied the agreement hours later. At 12:45 p.m. EST, bitcoin traded just below $63,900, up nearly 2% for the day and 4.5% over the week, with a market capitalization of $1.28 trillion.

Spot bitcoin exchange-traded funds recorded outflows of $405 million over the past week, according to market data, with total derivatives liquidations reaching $88 million. The outflows underscore persistent liquidity challenges in the market despite temporary geopolitical easing.