According to CoinMeta, the price of Bitcoin rebounded to $63,500 on Monday due to reports that the United States and Iran agreed to extend a ceasefire agreement. Although Bitcoin prices fell to $62,650 at the beginning of the session, buyers pushed them back above $63,600, near the local high of $63,590. Trading activity also increased, with 24-hour trading volume reaching approximately $14.8 billion. Despite facing pressure from spot Bitcoin ETF, there was a net outflow of about $390 million in U.S. funds last week, marking the largest weekly outflow in six weeks.