Bitcoin rebounds to $63,500 after US pauses Iran strike plans

Bitcoin recovered to around $63,500 on Sunday after President Donald Trump announced that the United States would pause its planned military strikes against Iran. The de‑escalation eased geopolitical risk, prompting a broader crypto market rise of about 0.5% and a drop in derivatives open interest, which reduced pressure on leveraged positions. The price move followed a half‑percent gain in the overall crypto market, which had been buoyed by the same news. Analysts noted that while the bounce helped Bitcoin, underlying concerns such as ETF outflows and institutional demand remain.

The same geopolitical development was cited in a market outlook that highlighted modest gains for other digital assets, including XRP and Ethereum, as traders returned to riskier assets after the strike pause.