Bitcoin (BTC) Price: US-Iran Talks Push BTC Above $64K as Hormuz Blockade Lift Confirmed

TLDR

• Bitcoin rose to $64,652 after US-Iran talks in Switzerland ended on a “positive” note
• Iran’s Foreign Minister confirmed oil sanctions relief and the lifting of the Hormuz blockade are on the table
• US spot Bitcoin ETFs saw a record $6.35 billion in net outflows over the past 30 days
• Key support sits at $62,000, with resistance at $67,000 watched closely by traders
• A High-Level Committee was formed with a roadmap to reach a final deal within 60 days

Bitcoin climbed past $64,000 after diplomatic talks between the United States and Iran wrapped up with encouraging results. At the time of writing, BTC was trading at $64,652, up 0.75% on the day.

The rally was triggered by a joint statement from Pakistan’s Ministry of Foreign Affairs, which announced the end of the Lake Lucerne Summit in Switzerland. The statement said the first meeting of a newly formed High-Level Committee between the US and Iran ended in a “positive and constructive atmosphere.”

The two sides agreed on a roadmap to reach a final deal within 60 days. They also set up a direct communication line to keep commercial shipping through the Strait of Hormuz safe.

Iranian Foreign Minister Seyed Abbas Aragchi posted on X confirming key terms. He wrote that oil and petrochemical exports will face no restrictions, the Hormuz blockade will be lifted, and some frozen Iranian assets will be released. He also confirmed a large-scale reconstruction initiative for Iran will begin.

Aragchi described Pakistani and Qatari mediation as delivering “major progress to end Lebanon War.” He referenced a newly announced “Lebanon deconfliction cell” as the “1st real test” of the agreement.

ETF Outflows Reach Record Levels

While geopolitics gave Bitcoin a short-term lift, the demand picture from institutional investors tells a different story. Galaxy Research reported that US spot Bitcoin ETFs posted $6.35 billion in net outflows over the latest 30-day window — the largest recorded in their tracked data.

Six straight weeks of outflows have pushed cumulative net flows down to $53.4 billion, from a peak of $63 billion in October 2025. That signals institutional demand has cooled.

Key Price Levels Traders Are Watching

Bitcoin’s 24-hour range ran between $63,188 and $64,462, with daily volume above $16.6 billion. The weekly picture remains slightly negative, meaning the weekend bounce only recovered part of Friday’s losses.

Crypto trader Daan said the $62,000 area is the level bulls “must hold” into the weekly close. He added that a break above $67,000 could open a move toward $73,000.

Analyst BATMAN pointed to a daily MACD momentum flip from deeply negative territory as a potential early sign of a local bottom forming.

Rekt Capital noted that if June closes red, July has historically moved in the opposite direction — though he cautioned a weak June close could turn any bounce into a retest rather than a true recovery.

Bitcoin remains rangebound between $62,000 support and $67,000 resistance, with the Hormuz situation and ETF flows continuing to drive short-term direction.

The post Bitcoin (BTC) Price: US-Iran Talks Push BTC Above $64K as Hormuz Blockade Lift Confirmed appeared first on CoinCentral.