Bitcoin rebounds to around $72,000 on hopes of an end to Iran crisis [Crypto Briefing]

[Financial News] Bitcoin climbed to around $72,000 on the 5th, supported by expectations that the military standoff between the United States of America (U.S.) and the Islamic Republic of Iran could come to an end.
According to global digital asset data platform CoinMarketCap, Bitcoin was trading near $72,000 as of 10 a.m. that day, up 6.89% over the past 24 hours. Over the past week, Bitcoin has gained 6.52%.
In the KRW market, Bitcoin is trading around 105 million won. Based on data from global crypto market comparison platform Cryprice, the "Korea premium" stands at -0.27%.
Bitcoin briefly rose to around $73,000 during the session, extending its rally. This is the first time in about two weeks, since the 15th of last month, that Bitcoin has traded above the $70,000 level.
Reports that the United States of America (U.S.) and the Islamic Republic of Iran have begun back-channel negotiations have boosted investor sentiment. According to foreign media, the day after airstrikes by the U.S. and the State of Israel, Iranian intelligence authorities used a third country to propose talks to the Central Intelligence Agency (CIA) aimed at ending the conflict.
Major U.S. stock indices in New York also advanced across the board. On the 4th (local time), the Dow Jones Industrial Average (DJIA) closed at 48,739.41, up 238.14 points, or 0.49%, from the previous session. The Standard & Poor's 500 Index (S&P 500 Index) gained 52.87 points, or 0.78%, to finish at 6,869.50, while the Nasdaq Stock Market (NASDAQ) rose 290.79 points, or 1.29%, to 22,807.48.
The CoinMarketCap Crypto Fear and Greed Index stood at 29 that day, indicating a "fear" level, but was sharply higher than 19 the previous day. The index ranges from 0 to 100, with readings near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
At the same time, Ethereum was trading around $2,129, up 7.66% from the previous day. Ripple (XRP) was changing hands near $1.42, up 4.97%.

yimsh0214@fnnews.com Im Sang-hyuk Reporter