President Trump declared Sunday that Israeli Prime Minister Benjamin Netanyahu will have 'no choice' but to accept a U.S.-brokered agreement with Iran, sending Bitcoin up 5% to $64,000 before the digital asset settled back near $63,000 within hours. The bounce came off a June 5 intraday low of $59,100 — Bitcoin's weakest level since February — and reflected traders betting that a de-escalation in the standoff could ease the inflation pressure that has weighed on risk assets.
Trump's blunt ultimatum
Speaking on June 8, Trump said of Netanyahu: 'I call the shots. I call all the shots. He doesn’t call the shots.' The president framed the Iran deal as 'almost complete' and signaled an announcement at the start of the new business week. Earlier this year, Bitcoin topped $77,000 as Trump weighed options on Iran, and prediction-market wagers on a peace deal have swelled into hundreds of millions of dollars. Higher oil prices tied to the standoff have fed inflation concerns and complicated the Federal Reserve's rate path — a backdrop that has kept crypto on edge.
Market reaction and pivot zone
The Sunday spike was short-lived. After hitting $64,000, Bitcoin quickly retreated to $63,000, and by late afternoon it was trading in the $62,500–$63,000 band — what traders now consider the pivot zone. A daily close above $63,000 keeps the recovery thesis alive, according to market participants; a close below $61,500 would reactivate downside pressure. The anchor support remains $59,100. At that June 5 low, more than half of all Bitcoin addresses were sitting on unrealized losses, and hundreds of thousands of leveraged positions were liquidated during the slide that preceded this weekend's bounce.
What’s next this week
All eyes are on Monday, when Trump said an announcement could come. If the deal is indeed completed, a further relief rally in Bitcoin is possible, but the quick fade from $64,000 suggests that bulls aren't convinced the risk premium has fully evaporated. The Fed's next move — and how the market interprets the inflation implications of lower oil prices — will matter more than any single tweet. For now, the $62,500–$63,000 zone is the line in the sand.
