Bitcoin tops $63,000 as Israel-Hezbollah ceasefire hopes reshape commodity markets

Bitcoin climbed back above $63,000 after reports of an Israel-Hezbollah ceasefire improved market sentiment and revived expectations that stalled U.S.-Iran diplomatic talks could resume before the end of June. At the same time, WTI crude fell by $1 to as low as $75.33 a barrel and spot gold rose $17 to $4,164 an ounce after a U.S. senior official said Israel and Lebanon’s Hezbollah had agreed to a ceasefire due to begin at 4 p.m. local time on Friday, or 21:00 Beijing time. The cross-asset moves suggested traders were recalibrating positions as immediate regional geopolitical risk appeared to ease.

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