Bitcoin’s price entered the weekend battered and bruised, just shy of $59,000 on June 5 – its weakest point since October 2024 – and with no skeptics ready to call for a bull market.
But by Monday morning, the picture looked different. The largest cryptocurrency in the world clawed its way to $66,800 per day, publishing a 7-day low of $60,909 before staging a recovery book that carried it through $66,000 and to a 7-day high of $66,888.
The chart reported a market caught between fear and confidence: a sharp slide to $ 61,000 by June 9-10, a recent combination between $ 62,000 and $ 63,000 until mid-week, then a big push that went up at the end of the week and went to open Monday.
On Sunday, President Donald Trump he announced via Truth Social that the peace deal with Iran was “complete,” agreeing to the free reopening of the Strait of Hormuz and preventing the nearly four-month war to end immediately.
Pakistani Prime Minister Shehbaz Sharif it has been confirmed that all military operations across all sides – including Lebanon – end, with a signing ceremony scheduled for June 19 in Switzerland. Brent crude fell more than 4% to $84 a barrel.
For Bitcoin, the deal ended three major power lines at once. The conflict sent oil prices soaring, raising inflation expectations, and strengthening the Federal Reserve’s reputation as a high-risk asset-market. When the Strait was reopened, all three winds began to blow at the same time. Bitcoin to climb up to $65,844 on June 15, its highest level in almost two weeks, as the broader crypto market cap recovered above $2.3 trillion.
Although sales remained weak, institutional buyers were already settling into a pre-emptive rally.
At the time of writing, the price of bitcoin is around $66,500.
Bitcoin price predictions and BTC purchases
Michael Saylor’s method to be revealed On Monday that they acquired an additional 1,587 BTC between June 8 and June 14 for about $100 million at an average price of $63,024 per coin. The purchase brings Strategy’s Bitcoin reserves to 846,842 BTC – a massive pile worth about $64.07 billion, or $75,656 per coin.
The company also sold 1,732,553 shares of common stock during the same window, generating $209 million in net proceeds while also building its USD reserves to $2.25 billion. Saylor’s playbook has not changed: buy weakness, build wealth, hold forever.
Strive, a Dallas-based wealth management firm that has made Bitcoin its main asset and business, he continued its accumulation, collecting 32 BTC between June 2 and June 7 for an average of $63,911 per coin. The purchase represents a 14% price improvement compared to the previous transaction – indicating that Strive’s investment team is leveraging new capital at a time when it’s shedding, not leaving. According to the latest disclosures, Try to hold 15,391 BTC worth about $1.2 billion.
Coinbase’s CEO Brian Armstrong also joined the discussion with a deep but clear voice.
“My guess is we’re probably down, maybe 60k, but nobody can say for sure,” Armstrong said. he said. He remains long on Bitcoin and expects prices to be “very high” by 2030, repeating a sentiment he has held for years: “I think bitcoin is the new digital gold”.
Armstrong pointed to Bitcoin’s four-year half cycle as a structural framework to read the current drawdown, he said that fluctuations always feel more extreme than those that happened in the past.
Bitcoin is trading around 47% below that always high of $126,277, which was established in October 2025. The recovery from the June 5 low represents an increase of 11% in ten days.
