Bitcoin Hits $63,280 as Trump Cancels Iran Strikes on June 11

BTC1.77%
On June 11 at 1:28 p.m. EDT, President Trump announced via Truth Social that he had cancelled scheduled strikes and bombings against Iran, stating discussions with Iranian leadership had been approved by all parties involved. The announcement cooled geopolitical tensions that had escalated following an Iranian attack on a U.S. military helicopter in the Strait of Hormuz. Bitcoin responded positively, climbing above $63,000 and trading at $63,280 by press time, up 0.6% over 24 hours.
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