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Bitcoin Dips to $61.2K Then Recovers to $63K in Predictably Calm Move
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Last updated: Monday, June 8, 2026
Quick overview
- Bitcoin experienced a slight decline, dropping from over $64,000 to $61,200 before recovering to $63,000, but has lost over $20,000 since its mid-May peak.
- Tensions in the Middle East escalated as Israel conducted air strikes against Hezbollah positions in Lebanon, prompting retaliatory warning shots from Iran.
- President Trump expressed dissatisfaction with Israel's uncoordinated attacks and urged Iran to return to negotiations following the conflict.
- The situation remains volatile, with potential implications for ongoing peace agreements in the region.
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Bitcoin’s reaction was, predictably, rather subdued, slipping from over $64,000 down to $61,200, then recovering to $63K. The asset, however, has lost over $20,000 since its mid-May peak of $82,000, and analysts anticipate a resumption of conflict resolution in the Middle East.
Once again, the situation in the Middle East flared up on Sunday night as Israel launched attacks against buildings containing Hezbollah positions and personnel in Lebanon, and Iran fired back with its own “warning” strikes against Israeli territory.
President Trump stated he was “briefed on the matter” and was “not happy” about the earlier Israeli attacks, stating they were not coordinated with the US. He later urged Iran to “go back to the table” after it had launched its warning shots.
The attacks started earlier in the day when Israel launched an air strike against south Beirut, killing two people, and wounding 20 more; all the people killed or wounded, according to Israeli authorities, were somehow involved in Iran-backed Hezbollah. According to Benjamin Netanyahu, Israel conducted the attack after ” Hezbollah fired rockets into Israel.”
Iran’s IRGC retaliated against the attacks, stating that it had “fired warning shots,” and added if Israel did not cease its attacks, “a new wave of aggression against Iran will follow.”
Upon his statement about being briefed on the attacks, the POTUS was “not happy” about Israel launching an attack, as it was not coordinated with the US. He then urged Iran to return to the negotiating table after its retaliation.
President Trump says he is “not happy” about Israel’s earlier strikes on Beirut, Lebanon, and that the attacks were not coordinated with the US, per Fox News. Earlier, Trump had indicated he had a deal close for a permanent peace agreement, expected to be announced early next week, as the new business week starts.
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ABOUT THE AUTHOR
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Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.
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