Bitcoin Holds at $70,000 on Hopes 2026 Iran War Will End Soon [Crypto Briefing]

[Financial News] Bitcoin remained around $70,000 on the 11th, supported by expectations that the 2026 Iran War will end earlier than feared.
According to global crypto data platform CoinMarketCap, Bitcoin was trading around $70,000 as of 10 a.m. that day, up 1.30% over the previous 24 hours. Over the past week, Bitcoin has risen 2.72%.
In the KRW market, Bitcoin was trading around 102 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stood at -0.31%.
Bitcoin climbed back to the $70,000 level the previous day and has held that range. This followed President of the United States Donald Trump suggesting an early end to the conflict, telling CBS News in a phone interview on the 9th (local time), "I think the war is in its final phase."
Trump also commented on a possible blockade of the Strait of Hormuz, saying, "We are also considering taking control of it (the Strait of Hormuz)," which sent international oil prices sharply lower. Brent Crude Oil, the global benchmark, was trading at $88.63 per barrel at that time, down 2.66% from the previous session. On the 9th, Brent Crude Oil had traded around $100 per barrel.
The CoinMarketCap Crypto Fear and Greed Index stood at 26 that day, indicating "fear," up from 25 the previous day. The index ranges from 0 to 100, with values near 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
At the same time, Ethereum was trading around $2,037, up 1.09% from the previous day. Ripple was at about $1.38, a gain of 1.38%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter