Bitcoin Holds $60,000 Support on June 11 as Trump Signals U.S.-Iran Tensions to Ease

BTC3.02%

According to Park Sang-hyuk, Digital Asset editor-in-chief, Bitcoin held support at $60,000 on June 11 as geopolitical tensions eased following U.S. President Donald Trump's statement that airstrikes with Iran would conclude shortly. Grayscale's on-chain analysis indicates BTC is in a historically undervalued range, with $60,000 serving as technical support.

Market catalysts supporting the price include long-term holders representing 60% of addresses, plus institutional expansion: BlackRock filed for a downside-protection Bitcoin covered call ETF, and CME launched basket index futures including altcoins.

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