Bitcoin traded above $64,000 on Saturday, supported by its strongest U.S. spot ETF inflows in a month and statements from Pakistan’s Prime Minister indicating progress toward a peace deal.
The largest cryptocurrency reached an intraday high of $64,200, marking an 8% gain from its June low near $59,000. The move followed $85.9 million in net inflows into U.S. spot Bitcoin ETFs on Friday, the largest daily inflow since May 14, 2026.
Pakistan’s Prime Minister posted on X: “We are closer to a peace deal than ever before. With finalisation likely within the next 24 hours, Pakistan is preparing for the electronic signing of the agreement immediately afterwards, followed by technical-level talks next week.”
Bitcoin gained 1% over the past 24 hours and 1% on the week. The price action positioned Bitcoin to break a four-week losing streak if gains held through the weekly close on Saturday.
ETF Liquidations Ease
A Standard Chartered analyst attributed recent ETF selling pressure to holders liquidating positions to participate in SpaceX’s IPO, which launched Friday. The analyst suggested that SpaceX’s market entry could ease selling pressure on Bitcoin going forward.
The timing of the ETF inflows and the Pakistan Prime Minister’s statement coincided with Bitcoin’s move above $64,000. The statement did not specify which parties were involved in the peace negotiations or the scope of the agreement under discussion.
Technical Setup
Bitcoin’s recovery from $59,000 represents a significant move in a month marked by downward pressure. The $85.9 million inflow on Friday represented a return to stronger institutional demand after weeks of net outflows tied to the SpaceX IPO launch.
Whether Bitcoin maintains above $64,000 through the weekly close will determine if the four-week losing streak is broken. Technical-level talks are scheduled for next week, according to the Pakistan Prime Minister’s statement, which could introduce further volatility.
