Bitcoin has risen by more than 1% over the past 24 hours and was trading at $64,354 as of 12:36 p.m. Chisinau time. The cryptocurrency has rebounded by more than 8% from its June low of around $59,000 after briefly dipping below the $60,000 level earlier this month.
Investor sentiment improved after Pakistani Prime Minister Shahbaz Sharif stated that a peace agreement between Washington and Tehran is closer than ever, and its final conclusion could occur within a few days.
Fund flows also showed signs of stabilizing after several weeks of steady outflows.
Slow Start Amid SpaceX IPO
On Friday, spot Bitcoin ETFs in the U.S. recorded a net inflow of $85.9 million, marking the strongest daily figure since mid-May. The return of positive flows suggests that institutional demand may begin to recover after a period of heavy selling.
Some analysts have suggested that the recent outflow from ETFs was partly driven by investors raising funds to participate in SpaceX’s record-breaking initial public offering. Now that the aerospace company has gone public, this temporary source of selling pressure may ease.
SpaceX also drew attention in the cryptocurrency markets after disclosing in its IPO filing that it held 18,712 bitcoins as of the end of the first quarter. The position was valued at approximately $1.29 billion, making the company one of the largest corporate holders of Bitcoin among publicly traded companies.
Unlike companies whose business models are based on accumulating cryptocurrencies, SpaceX described the asset as a strategic treasury reserve held alongside corporate cash. Investors are expected to closely monitor how the company manages this position over future earnings reporting cycles.
Anthropic’s Impact
Attention is also turning to the development of artificial intelligence following Anthropic’s recent unveiling of its Fable 5 AI model. Industry participants highlighted the potential benefits of advanced AI tools for software development and security, while cautioning that increasingly powerful systems could accelerate cyber threats targeting cryptocurrency platforms.
Despite a recent rebound, Bitcoin remains well below its all-time high of nearly $126,000, reached in late 2025. Market participants will now be watching to see if demand for ETFs continues to strengthen and whether easing geopolitical tensions can support further gains in the coming weeks.
