Prefer us on Google 
Download App 
Download App
Bitcoin’s value concluded the week looking somewhat battered, having recently suffered a significant drop to $59,000 on June 5—its lowest point since October 2024—with many doubters declaring the bull market over.
However, by Monday morning, the scenario had shifted. The world’s leading cryptocurrency climbed back to $66,800 for the day, reaching a 7-day low of $60,909 before executing a classic recovery that pushed it past $66,000 and towards its 7-day peak of $66,888.
The price action illustrated a market torn between apprehension and confidence: a steep decline towards $61,000 by June 9–10, followed by hesitant stabilization between $62,000 and $63,000 mid-week, and then a strong upward movement that gained momentum heading into the weekend and continued into Monday’s opening.
On Sunday, President Donald Trump announced via Truth Social that an agreement with Iran had been “finalized,” permitting the unhindered reopening of the Strait of Hormuz and bringing an end to nearly four months of hostilities.
Pakistani Prime Minister Shehbaz Sharif confirmed that all military actions across every theatre, including Lebanon, would be halted, with a formal signing ceremony scheduled for June 19 in Switzerland. Brent crude experienced a decline of over 4%, falling towards $84 per barrel.
For Bitcoin, this accord simultaneously relieved three layers of macroeconomic pressure. The conflict had driven up oil prices, fueled inflation expectations, and reinforced the Federal Reserve’s stance on interest rate hikes—a detrimental combination for risk assets. With the Strait’s reopening, all three contributing factors began to reverse concurrently. Bitcoin ascended to $65,844 on June 15, reaching its highest point in almost two weeks, as the overall cryptocurrency market capitalization surpassed $2.3 trillion.
While sentiment among retail investors remained delicate, institutional purchasers had already been actively accumulating well before the geopolitical resolution occurred.
At present, the bitcoin price is hovering near $66,500.
Bitcoin Price Forecasts and BTC Acquisitions
Michael Saylor’s firm, Strategy, revealed on Monday that it had purchased an additional 1,587 BTC between June 8 and June 14 for approximately $100 million, at an average price of $63,024 per coin. This acquisition elevates Strategy’s total Bitcoin holdings to 846,842 BTC—an accumulation amassed at an aggregate cost of roughly $64.07 billion, averaging $75,656 per coin.
The company also divested 1,732,553 shares of common stock during the same period, generating $209 million in net proceeds, while concurrently replenishing its USD reserves to $2.25 billion. Saylor’s consistent strategy remains unchanged: purchase during dips, fortify the treasury, and hold indefinitely.
Strive, a Dallas-based investment management firm that has centered its treasury assets and business identity around Bitcoin, continued its own accumulation, acquiring 32 BTC between June 2 and June 7 at an average price of $63,911 per coin. This purchase represented an approximate 14% improvement in cost basis compared to its previous acquisition round, indicating that Strive’s treasury management was strategically deploying new capital during the downturn without hesitation. As per its latest filings, Strive holds 15,391 BTC, valued at close to $1.2 billion.
Coinbase CEO Brian Armstrong also contributed to the discussion with a measured yet clear indication of a potential bottom.
“My sense is that we have likely reached a bottom, perhaps around the $60,000 mark, but certainty is elusive,” Armstrong stated. He maintains a bullish outlook on Bitcoin and anticipates prices to be “significantly higher” by 2030, reiterating a long-held perspective: “I believe bitcoin is the new digital gold.”
Armstrong highlighted Bitcoin’s four-year halving cycle as the underlying structure for interpreting the current market correction, noting that the fluctuations often appear more pronounced in the moment than they seem in retrospect.
Bitcoin is presently trading approximately 47% below its record high of $126,277, established in October 2025. The rebound from the June 5 low signifies a rise of over 11% within a ten-day period.
Learn more at : bitcoinmagazine.com