Bitcoin Returns to $64,000: ETFs Back in the Green and SpaceX Reveals Its Holdings

Sunday: A Day of Hope and Green Candles

While most people were enjoying a well-earned Sunday after a long workweek, the cryptocurrency market was wide awake. Bitcoin climbed back above $64,000 and managed to hold the level. The cryptocurrency reached a peak of $64,475, about 8% above its June lows, when fear and panic pushed the price below $60,000. Who would have imagined just a week ago, when Bitcoin was teetering on the edge of a psychological cliff, that the recovery would be this swift?

Several factors contributed to the rally.

First, geopolitics. Peace in the Middle East, which seemed like a distant dream only days ago, suddenly became a realistic possibility. The United States and Iran reportedly moved closer to an agreement, oil prices fell sharply, and inflation expectations dropped along with them. This raised hopes that the Federal Reserve may not need to remain as hawkish. A more accommodative Fed is generally positive for risk assets, including Bitcoin.

Second, ETFs. Spot Bitcoin ETFs, which had experienced persistent outflows in recent weeks, suddenly began attracting capital again. On Friday, net inflows reached $85.9 million, marking the strongest single-day inflow since mid-May. Institutional investors who had previously fled the market may be starting to return.

Third, SpaceX. Yes, Elon Musk’s space company. In its IPO filing, SpaceX revealed that it holds 18,712 BTC. At current prices, that position is worth approximately $1.29 billion. The company does not trade cryptocurrencies, mine Bitcoin, or accept it as payment for trips to the Moon. It simply holds Bitcoin as a strategic treasury reserve alongside its corporate cash holdings in dollars and euros.

And that is a powerful signal for the market. If one of the world’s most innovative and successful companies considers Bitcoin worthy of a place in its treasury, perhaps other corporations should take notice as well.

Let’s break it all down.

Peace With Iran: How Geopolitics Helped Bitcoin

On Sunday, Pakistani Prime Minister Shehbaz Sharif made a statement that quickly spread across global news outlets. According to Sharif, a peace agreement between the United States and Iran is closer than ever and could be finalized within days.

While Pakistan is not directly involved in the negotiations, the country shares a border with Iran and maintains longstanding relationships with both sides. As a result, his comments carried weight.

For Bitcoin, peace with Iran is not a direct catalyst but rather part of a broader chain reaction:

Peace → Lower oil prices → Lower inflation → A less hawkish Fed → Stronger risk assets, including cryptocurrencies.

Although Bitcoin is often marketed as “digital gold” and an inflation hedge, during this cycle it has behaved more like a technology stock. It tends to rise when markets expect easier monetary policy and fall when investors fear aggressive rate hikes.

Therefore, news that reduces inflation expectations was interpreted as bullish, even though lower inflation would theoretically reduce demand for Bitcoin as a hedge against currency debasement. It is a paradox, but markets often operate that way.

In addition, a reduction in geopolitical tensions removes one major global risk. Investors become less concerned about large-scale conflict, less inclined to hide in dollars and gold, and more willing to take risks. Bitcoin remains a highly speculative asset, and improved risk sentiment generally benefits it.

ETFs: Institutional Investors Are Returning

The most important factor behind Bitcoin’s recent strength may be the return of positive flows into spot Bitcoin ETFs.

These ETFs were one of the primary drivers of the crypto rally throughout 2024 and 2025. More recently, however, they became a major source of downward pressure as investors pulled money out of the market.

On Friday, June 12, spot Bitcoin ETFs recorded net inflows of $85.9 million, their strongest daily inflow since mid-May.

While $85 million may seem small compared to the billions that flowed out during previous weeks, the key point is not the amount itself but the change in direction.

For four consecutive weeks, investors withdrew capital from Bitcoin ETFs. More than $5 billion left the sector. Now, in the fifth week, the first meaningful sign of renewed demand has emerged.

What changed?

Two factors stand out.

1. Stabilizing Macroeconomic Conditions

May inflation data turned out to be less alarming than many had feared. Core inflation slowed, reducing the perceived likelihood of another Federal Reserve rate hike later this year.

2. The SpaceX IPO

This may sound surprising, but some analysts believe part of the ETF outflows was linked to institutional investors raising cash to participate in SpaceX’s highly anticipated IPO.

SpaceX went public last week in what became one of the most anticipated public offerings in history. The company raised billions of dollars, achieving a valuation of roughly $250 billion.

To participate in such a major offering, investment funds needed liquid capital. They sold assets that could be quickly converted into cash, and Bitcoin ETFs are among the most liquid instruments available.

Now that the IPO has been completed and SpaceX shares are trading publicly, this temporary source of selling pressure may fade. Investors who sold Bitcoin exposure to buy SpaceX stock could potentially return to the crypto market.

At least, that is what Bitcoin bulls are hoping for.

SpaceX and Bitcoin: A Strategic Reserve Asset

The most interesting aspect of the SpaceX story is not the IPO itself but the company’s filing with the U.S. Securities and Exchange Commission (SEC).

According to the filing, SpaceX held 18,712 BTC as of the end of the first quarter of 2026.

At current market prices, the position is worth approximately $1.29 billion.

That makes SpaceX one of the largest corporate Bitcoin holders among publicly traded companies, trailing only MicroStrategy and potentially Tesla, depending on Tesla’s current holdings.

Importantly, SpaceX is not a cryptocurrency company.

It does not mine Bitcoin, offer crypto services, or accept Bitcoin as payment for rocket launches. It simply holds Bitcoin as part of its corporate treasury strategy.

In the filing, the company described Bitcoin as a “strategic treasury reserve asset” held alongside corporate cash in dollars, euros, and other currencies.

This distinction matters.

Many corporations keep their excess cash in short-term government bonds, which currently offer attractive yields with relatively low risk and high liquidity. SpaceX instead chose to allocate part of its reserves to Bitcoin—a volatile, non-yielding, and inherently riskier asset.

But the decision is hardly surprising.

Elon Musk has long been a supporter of Bitcoin. Tesla purchased Bitcoin in 2021, later sold a portion of its holdings, but continues to maintain a significant position according to its financial disclosures.

Now SpaceX appears to have followed a similar path.

For the crypto community, this is a significant validation. If companies operating at the forefront of engineering, aerospace, and advanced technology are willing to hold Bitcoin, it becomes harder to dismiss it as merely a speculative toy.

Will other companies follow?

Possibly.

However, there is also a risk. Just as Tesla sold part of its Bitcoin holdings in the past, SpaceX could decide to liquidate some or all of its position at any time. Investors will closely monitor future filings for any signs of changes to the company’s strategy.

Anthropic and AI Risks: A New Variable

Another development attracting attention is the rapid advancement of artificial intelligence.

Anthropic recently unveiled Fable 5, the first publicly available model in its Mythos-class series.

Mythos models are designed to identify software vulnerabilities, raising concerns among banks, corporations, and governments worldwide. If AI systems become capable of discovering and exploiting weaknesses in software, cryptocurrency exchanges, wallets, and DeFi protocols could become particularly vulnerable.

Analysts warn that increasingly powerful AI models may accelerate cyber threats targeting digital assets.

On the other hand, the same technology can also strengthen security. Anthropic has implemented safeguards designed to prevent dangerous misuse, and cybersecurity professionals can use these tools to identify vulnerabilities before malicious actors discover them.

For now, the story has had little direct impact on Bitcoin’s price.

Over the long term, however, AI is likely to become an increasingly important factor influencing both the security and volatility of the cryptocurrency ecosystem.

Altcoins: Mixed Performance

While Bitcoin enjoyed a strong recovery, altcoins delivered mixed results.

• Ethereum gained 0.08%.

• XRP rose 0.2%.

• Solana advanced 1.31%.

• Cardano declined 1.16%.

Among meme coins:

• Dogecoin gained 0.08%.

• $TRUMP remained unchanged.

This divergence suggests that investors are still not fully convinced the recovery is sustainable.

Capital is flowing primarily into Bitcoin, which remains the market’s most trusted crypto asset, while participation in altcoins remains selective.

That is typical in the early stages of a bullish cycle. Bitcoin usually leads first, followed by Ethereum, then major altcoins, and eventually meme coins and more speculative tokens.

At the moment, the market appears to be in that first phase.

What Comes Next? Central Bank Meetings

Three major central bank meetings are scheduled for this week:

• Federal Reserve (June 16–17)

• Bank of Japan

• Bank of England

The Federal Reserve is widely expected to leave interest rates unchanged. However, investors will pay close attention to updated economic projections and comments from Chair Jerome Powell.

If the Fed signals that further rate hikes are unlikely, Bitcoin could receive another strong boost. If Powell delivers a more hawkish message, another correction is possible.

The Bank of Japan is expected to raise rates to 1%, which could strengthen the yen and weaken the U.S. dollar.

A weaker dollar is generally positive for Bitcoin, which often moves inversely to the dollar.

The Bank of England is expected to leave rates unchanged, making its meeting largely neutral from a crypto-market perspective.

Investors will also continue watching ETF flows closely.

If inflows remain positive, Bitcoin could test the $66,000–$68,000 range.

If outflows resume, a return toward $60,000 cannot be ruled out.

Conclusion: Bitcoin Is Alive, Healthy, and Looking Higher

Bitcoin ended Sunday above $64,000, recovering roughly 8% from its June lows.

The rally was driven by optimism surrounding potential peace in the Middle East, renewed inflows into Bitcoin ETFs, and the revelation that SpaceX holds Bitcoin as a strategic reserve asset.

Altcoins continue to lag behind, which is not unusual during the early stages of a market recovery.

This week’s central bank meetings may determine the next major move. A dovish Federal Reserve could pave the way toward $66,000–$68,000, while a hawkish stance could trigger another wave of selling.

Investors who endured Bitcoin’s drop below $60,000 are undoubtedly feeling relieved.

Still, this is no time for complacency.

The crypto market remains volatile, and geopolitical developments remain unpredictable.

Yet one fact stands out: even during the darkest days of June, when Bitcoin was falling and ETF outflows were hitting records, major players did not lose faith.

SpaceX accumulated its Bitcoin position long before revealing it publicly. Institutional investors who sold ETF exposure may simply have been reallocating capital rather than abandoning crypto altogether.

Bitcoin has survived countless crises before.

It will likely survive this one as well.

The only question is at what price—and who manages to board the train before it gathers even more speed.