Bitcoin rebounded roughly $1,500 late Friday after President Trump announced he had called off planned strikes on Iran, citing a request from Tehran and other nations. The price had slipped to an 18-day low of $62,200 yesterday evening before climbing back to around $63,500. The de-escalation in US-Iran tensions is being cited as the primary catalyst for the move, though traders are bracing for the real test when markets open Monday.
The Trump Announcement
Trump wrote on Truth Social that he agreed to cancel the attack after Iran and other countries asked for a halt. The requesting nations are now working on a new deal that includes the immediate, complete and total opening of the Hormuz Strait and an end to Iran's nuclear threat. Trump said he agreed subject to being able to rapidly make a deal. Israel has joined in this commitment, according to the statement.
Market Reaction
The price swing came in a matter of hours. Bitcoin hit its lowest point in 18 days just before the announcement, then recovered about 2.4% as the news spread. The rebound was sharp but contained — the move didn't break above the $64,000 level that had acted as support earlier in the week. Volume picked up, but not to the levels seen during the sell-off earlier this month.
Monday Open in Focus
The actual impact of the de-escalation on Bitcoin price is likely to be experienced on Monday morning, when traditional markets open and more liquidity returns. That's also when the broader macro picture will compete with the geopolitical news. ETF outflows have been a persistent drag, and technical indicators suggest Bitcoin could face another leg down soon. The timing of the Iran deal — and whether it actually gets signed — remains the biggest unknown. If talks stall, the relief rally could fade fast.
