BTC, ETH, SOL price news: Bitcoin pops as Trump signals an end to the Iran war

BTC, ETH, SOL price news: Bitcoin pops as Trump signals an end to the Iran war

Markets

Bitcoin climbs back into the green as Trump signals an end to the Iran war

A de-escalation in the Iran conflict pulled oil lower and sent global stocks higher, lifting crypto out of a wildly volatile seven days.

By

Shaurya Malwa

Jun 12, 2026, 5:14 a.m.

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Summary

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Bitcoin rebounded above $63,000 after a week of risk-off selling, helped by a sudden de-escalation in the conflict with Iran.

Global markets rallied on the perceived end of the Iran war, with oil prices falling, gold and silver jumping, and Asian stock indexes posting their biggest gains in months.

Major cryptocurrencies broadly climbed alongside bitcoin, but the durability of the bounce hinges on a formal Iran deal that President Trump says could be signed in Europe this weekend.

The risk-off mood that hammered crypto all week is reversing. Bitcoin is back in the green, and the trigger was a sudden de-escalation in the Iran war.

Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk data. Days earlier it had fallen to levels last seen in 2024 - below $60,000 - but has recovered and climbed back to a weekly gain.

A key catalyst came as President Donald Trump said the US was close to a deal with Iran and that he had "ended the war with Iran today." Markets read it as the end of a conflict that has whipsawed prices for more than 100 days. Brent crude dropped 2% to about $88.50 a barrel, while gold and silver prices surged.

The move extended to stocks. South Korea's Kospi, a gauge for AI stocks, rose 8.4%. MSCI's Asia Pacific index gained 3.5%, its biggest rise in two months. US stock futures pointed higher and European shares were set to open up 1.8%.

A calmer Middle East takes pressure off oil, which eases the inflation that has fed bets on higher interest rates - the same rate fear that helped drag crypto and gold down this week.

The bounce was broad. Ether rose 1.3% to $1,673, BNB gained 1.5% to $602 and solana added 3.0% to $67. XRP and dogecoin each rose more than 2%. Hyperliquid's HYPE led the majors, up 7.6% on the day, though it remains the weakest over the week. TRON was the only decliner, down 2.0%.

Attention now turns to SpaceX. The company lists on Nasdaq on Friday after raising $75 billion, the largest IPO ever. Pre-listing markets are pricing a debut pop of at least 35%.

Bitcoin is up 1.4% over the past seven days, a sharp turn from a week that opened with it touching bear-market lows. Whether the bounce holds now depends on the Iran deal getting signed, which Trump said could happen this weekend in Europe.

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Latest Research

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

By

CoinDesk Research

Jun 15, 2026

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters

:

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

View Full Report

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CD20 down 3.38 percent

3.38%

BTC

$60,270.20

BTC down 2.23 percent

2.23%

ETH

$1,570.10

ETH down 4.92 percent

4.92%

XRP

$1.04

XRP down 4.08 percent

4.08%

SOL

$69.63

SOL up 0.39 percent

0.39%