{"id":128322,"date":"2026-06-11T15:55:00","date_gmt":"2026-06-11T11:55:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128322"},"modified":"2026-06-11T16:26:17","modified_gmt":"2026-06-11T12:26:17","slug":"bitcoin-bounces-2-2-as-u-s-signals-end-to-latest-iran-strikes-spacex-ipo-and-ai-rotation-keep-crypto-under-pressure","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-bounces-2-2-as-u-s-signals-end-to-latest-iran-strikes-spacex-ipo-and-ai-rotation-keep-crypto-under-pressure\/06\/11\/market-updates\/","title":{"rendered":"Bitcoin Bounces 2.2% as U.S. Signals End to Latest Iran Strikes: SpaceX IPO and AI Rotation Keep Crypto Under Pressure"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin recovers:<\/strong> The world&#8217;s largest crypto rose 2.2% to $62,673.7, bouncing from last week&#8217;s $59,000 low.<\/li>\n\n\n\n<li><strong>U.S. ends latest strikes:<\/strong> The military signaled it had concluded its latest round of attacks on Iran, spurring de-escalation hopes.<\/li>\n\n\n\n<li><strong>Trump&#8217;s ultimatum:<\/strong> The president threatened more attacks if Tehran did not immediately accept a peace deal.<\/li>\n\n\n\n<li><strong>Iran retaliates across Gulf:<\/strong> Tehran launched airstrikes against multiple targets in the Gulf in response to U.S. aggression.<\/li>\n\n\n\n<li><strong>Peace deal impasse persists:<\/strong> Nuclear activities and Hormuz control remain unresolved sticking points.<\/li>\n\n\n\n<li><strong>ETF outflows intensify:<\/strong> Investors pulled $213.85 million from spot Bitcoin ETFs Wednesday \u2014 deepening from Tuesday&#8217;s $77.4 million outflow.<\/li>\n\n\n\n<li><strong>$5 billion in three weeks:<\/strong> The cumulative institutional exodus over the past three weeks continues to weigh heavily.<\/li>\n\n\n\n<li><strong>SpaceX IPO the big distractor:<\/strong> The company is targeting a $75 billion raise at a $1.75 trillion valuation on Friday \u2014 pulling cash from risk assets including crypto and gold.<\/li>\n\n\n\n<li><strong>AI rotation continues:<\/strong> The shift from crypto to AI-linked equities remains a structural headwind.<\/li>\n\n\n\n<li><strong>Rate concerns persist:<\/strong> Strong jobs and CPI data keep higher-for-longer rate fears alive.<\/li>\n\n\n\n<li><strong>Altcoins recover modestly:<\/strong> Ether rose 1.1% to $1,650.22; Cardano gained 3.1%; Solana added 1.2%; BNB rose 1.5%; XRP edged up 0.1%.<\/li>\n\n\n\n<li><strong>Memecoins bounce:<\/strong> Dogecoin rose 1.4%; $TRUMP jumped 4.1%.<\/li>\n<\/ul>\n\n\n\n<p>Bitcoin rose on Thursday, recovering some ground from recent losses as investors looked to a potential pause in fighting in the Middle East, while institutional investors continued to pull out of cryptocurrencies.<\/p>\n\n\n\n<p>The world&#8217;s largest crypto rose 2.2% to $62,673.7 by 01:56 ET (05:56 GMT). It had fallen as low as $59,000 last week amid a prolonged rout in crypto markets.<\/p>\n\n\n\n<p>Concerns over rising U.S. interest rates also weighed, especially as recent data signaled strength in U.S. employment and inflation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S.-Iran Tensions in Focus After Two Days of Strikes<\/h2>\n\n\n\n<p>Market focus remained squarely on the U.S.-Israel war on Iran, amid two days of continued open hostilities.<\/p>\n\n\n\n<p>The United States and Iran traded airstrikes early Thursday, with President Donald Trump threatening more attacks if Tehran did not immediately accept a peace deal.<\/p>\n\n\n\n<p>But the U.S. military signaled it had ended its latest strikes against Iran early Thursday, spurring some hopes for a de-escalation in tensions. Iran had retaliated against U.S. aggression by launching airstrikes against several targets in the Gulf.<\/p>\n\n\n\n<p>Progress toward a peace deal remained largely unclear, amid a continued impasse over Iran&#8217;s nuclear activities and its control of the Strait of Hormuz.<\/p>\n\n\n\n<p>The developments kept broader risk appetite largely subdued, although global equity markets were seen regaining some ground on Thursday from recent losses.<\/p>\n\n\n\n<p>Institutional investors continued to pull out of exchange-traded funds, with outflows intensifying on Wednesday after briefly cooling earlier in the week.<\/p>\n\n\n\n<p>Investors pulled $213.85 million from spot ETFs on Wednesday, data from SoSoValue showed. The outflows deepened from a $77.4 million outflow on Tuesday, and came after more than $5 billion of outflows in the past three weeks.<\/p>\n\n\n\n<p>Institutional and retail investors were also seen rotating out of risk assets such as crypto and gold to free up cash for a bumper initial public offering from SpaceX on Friday. The company is targeting a $75 billion raise at a $1.75 trillion valuation.<\/p>\n\n\n\n<p>A rotation into artificial intelligence stocks had also pressured crypto markets in recent weeks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Crypto Price Today: Altcoins Steady Amid Few Trading Cues<\/h2>\n\n\n\n<p>Broader crypto prices rose gingerly on Thursday, although gains were limited amid a dearth of positive cues.<\/p>\n\n\n\n<p>Ether, the world&#8217;s second-largest cryptocurrency, rose 1.1% to $1,650.22 after falling sharply in recent weeks. Spot Ether ETFs also saw sustained outflows, SoSoValue data showed.<\/p>\n\n\n\n<p>XRP rose 0.1%, Solana added 1.2%, while Cardano added 3.1%. Binance&#8217;s BNB rose 1.5%.<\/p>\n\n\n\n<p>Among memecoins, Dogecoin rose 1.4%, while $TRUMP added 4.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bitcoin recovers: The world&#8217;s largest crypto rose 2.2% to $62,673.7, bouncing from last week&#8217;s $59,000 low. U.S. ends latest strikes: The military signaled it had concluded its latest round of attacks on Iran, spurring de-escalation hopes. Trump&#8217;s ultimatum: The president threatened more attacks if Tehran did not immediately accept a peace deal. Iran &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-128322","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128322"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128322\/revisions"}],"predecessor-version":[{"id":128323,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128322\/revisions\/128323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}