Bitcoin rebounds to $75,000 as oil prices fall [Crypto Briefing]

According to The Financial News, Bitcoin climbed back to the $75,000 level on the 17th. Analysts attributed the rebound to improving investor sentiment as oil prices fell on expectations that the conflict in the Middle East may come to an end.
Data from global digital asset platform CoinMarketCap showed Bitcoin trading around $75,000 as of 10 a.m., up 3.72% over the past 24 hours. Over the past week, Bitcoin has risen 8.65%.
In the Korean won market, Bitcoin is trading around 110 million won. Based on figures from global crypto market comparison platform Cryprice, the Korea premium stands at -1.07%.
Hopes that the war between the United States and Israel on one side and Iran on the other could come to an end have helped restore risk appetite. U.S. President Donald Trump has recently been calling almost daily for allied countries to join military operations. As a result, May delivery Brent crude oil futures settled at $100.21 per barrel, down 2.84% from the previous session.
The recently opened NVIDIA GTC 2026 (NVIDIA GPU Technology Conference 2026) has also been a positive factor. On the 16th (local time), U.S. stock markets, led by technology shares, moved sharply higher. The NASDAQ Composite Index (NASDAQ) gained 268.82 points, or 1.22%, to close at 22,374.18. The Dow Jones Industrial Average (DJIA) rose 387.94 points, or 0.83%, to 46,946.41, while the S&P 500 Index (S&P 500) ended 67.19 points higher, up 1.01%, at 6,699.38.
The CoinMarketCap Crypto Fear and Greed Index stood at 45 on the day, indicating a "neutral" market mood. 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 $2,348, up 8.27% from the previous day. Ripple (XRP) was at about $1.54, a gain of 6.91%.
yimsh0214@fnnews.com Reporter Lim Sang-hyuk Reporter