Bitcoin has climbed more than 2% to $63,770 after a ceasefire agreement between Israel and Hezbollah helped ease market fears and pushed oil prices toward an 8% weekly decline.

According to crypto.news data, Bitcoin ($BTC) price climbed 2.4% to an intraday high of $63,770 on June 20 before easing slightly to around $63,600. The move followed a 7% decline from the June 15 high near $67,200 to a local low around $62,300 on June 18, a drop that coincided with ETF outflows, geopolitical uncertainty, and a broader flight from risk assets.

Fresh optimism emerged after reports that Israel and Hezbollah had agreed to a ceasefire scheduled to begin Friday. Reuters cited a U.S. official confirming the agreement, while Iranian officials signaled…