Bitcoin returned to positive territory on June 12 as risk appetite improved after signs of possible U.S.-Iran de-escalation.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Bitcoin traded near $63,700 on June 12, up about 1% over 24 hours, according<\/a> to crypto.news market data. The asset also gained 1.66% over seven days, showing a recovery from the recent move below $60,000.<\/p>\n The bounce came after traders reacted to signs that U.S.-Iran tensions may ease. President Donald Trump canceled planned strikes on Iran and said a deal could be reached soon, according<\/a> to reports.<\/p>\n Oil prices fell after the news. Brent crude dropped toward the mid-$80s, easing concern that higher energy prices would keep inflation pressure high.<\/p>\n That shift matters for crypto because oil-driven inflation can keep the Federal Reserve hawkish. Lower geopolitical stress can reduce pressure on risk assets, including Bitcoin and major altcoins.<\/p>\n <\/p>\n Ethereum<\/a> traded near $1,671, up about 0.97% over 24 hours. The token stayed close to the $1,650 support area after a weak week for spot Ethereum ETFs.<\/p>\n BNB traded near $605, while Solana hovered around $66.69 after a 1.95% daily gain. XRP<\/a> also traded near $1.14, up 3% on the day.<\/p>\n Dogecoin moved near $0.086, while Hyperliquid rose to around $59.17. HYPE was among the stronger major tokens, although it remained weaker over the weekly window.<\/p>\n TRON was the clear laggard among the listed majors. TRX traded near $0.312, down 2.86% over 24 hours and 3.79% over seven days.<\/p>\n The broad rebound shows that traders reduced some risk-off positioning. Still, the move remains early and has not yet erased the damage from the June selloff.<\/p>\n Glassnode said<\/a> Bitcoin broke below the February low before bouncing from the June low. The firm tracked how options traders reacted during the move.<\/p>\n \u201cSelloff Triggers a Temporary Volatility Spike,\u201d said Glassnode.<\/p>\n<\/blockquote>\n According to Glassnode, at-the-money implied volatility jumped as BTC broke below the February low. One-week implied volatility briefly reached 65% before the spike faded.<\/p>\n Front-end volatility then moved back near 40%. That showed options traders did not keep pricing an extended panic move after the bounce.<\/p>\n \u201cMarkets still view the selloff as a contained move,\u201d said Glassnode.<\/p>\n<\/blockquote>\n Protection demand also rose quickly before fading. One-week skew jumped from 12% to 28% as BTC fell, showing a rush for downside hedges.<\/p>\n That skew later moved back near 12%. The reversal suggests traders bought protection during the break lower, then reduced hedging as price stabilized.<\/p>\n Spot Bitcoin ETFs recorded $19.03 million in net outflows on June 11, per SoSoValue data<\/a>. That marked the fifth straight day of outflows and showed that institutional demand remained cautious.<\/p>\n Spot Ethereum ETFs also saw $15.89 million in net outflows on the same day. That marked the third consecutive day of withdrawals from ETH funds.<\/p>\n As previously reported<\/a> by crypto.news, the June crypto crash came from several pressures arriving together. The market faced a hawkish Fed, Iran escalation, ETF outflows, and a leverage unwind.<\/p>\n SpaceX IPO interest<\/a> also created a background drain on speculative capital, as previously reported. That report said the IPO wave did not cause the crash alone, but it weakened crypto\u2019s buyer base.<\/p>\n Bitcoin\u2019s latest rebound therefore has to compete with ongoing ETF weakness. If ETF flows turn positive again, the recovery could gain firmer support.<\/p>\n If withdrawals continue, the bounce may struggle to move beyond the next resistance areas.<\/p>\n Several analysts still warned that Bitcoin\u2019s rebound may face another test. Crypto Rover said the four-year cycle remains on schedule, with cycle bottoms historically arriving around September to October of the fourth year.<\/p>\n \u201cThe 4-year cycle is running on schedule,\u201d said Crypto Rover.<\/p>\n<\/blockquote>\n THE 4-YEAR CYCLE IS RUNNING ON SCHEDULE.<\/p>\n Every prior $BTC<\/a> cycle, aligned on one chart. September-November of year 3. Cycle bottoms: all printed in the same window. September-October of\u2026 pic.twitter.com\/gGyktE7tLb<\/a><\/p>\n \u2014 Crypto Rover (@cryptorover) June 12, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Kaz said<\/a> Bitcoin has reacted poorly around most FOMC events during the bear market. The analyst pointed to June 17 as a possible date for another lower high if price fails to extend.<\/p>\n CryptoQuant analyst Darkfost also said both whales and retail traders increased BTC inflows to Binance as price fell below $60,000. Whale inflows rose to an average of 5,280 BTC over 90 days, while retail inflows reached about 410 BTC.<\/p>\n Those exchange inflows can show fear because coins moving to exchanges are often easier to sell. Darkfost compared<\/a> the behavior with early February, when similar inflows appeared during another move below $60,000.<\/p>\n For now, the key market level remains the $60,000 area. Holding above that zone would support the view that the latest selloff was contained.<\/p>\n A stronger recovery would require Bitcoin to reclaim $65,000 and then build momentum toward $68,000 to $70,000. Until then, the bounce remains a relief move inside a fragile market.<\/p>\n \n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n <\/p>\n <\/p><\/div>\n\n
Bitcoin and major crypto prices turn higher<\/strong><\/h2>\n
Options data shows fear cooled<\/strong><\/h2>\n
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ETF outflows keep pressure on Bitcoin<\/strong><\/h2>\n
![\"Bitcoin](\"https:\/\/media.crypto.news\/2026\/06\/image-157-1024x323.webp\")
Traders watch FOMC and $60K support<\/strong><\/h2>\n
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Cycle tops: all printed in the same window. <\/p>\n
Exactly where this cycle topped at $124,000.<\/p>\n![\"Source:](\"https:\/\/media.crypto.news\/2026\/06\/image-158-1024x576.webp\")