Bitcoin climbs back toward $70,000 on hopes of easing Middle East tensions [Crypto Briefing]

[The Financial News] Bitcoin rose toward the $70,000 level on the 24th, supported by expectations that the conflict in the Middle East may ease.
According to global crypto data platform CoinMarketCap, Bitcoin was trading around $70,000 as of 10 a.m. that day, down 4.30% over the past 24 hours. Over the past week, Bitcoin has fallen 5.98%.
In the KRW market, Bitcoin was trading around 105 million won. Based on data from global crypto market comparison platform Cryprice, the so‐called "Korea premium" stood at -0.59%.
The price increase is seen as being driven by a growing perception that the Middle East crisis could be resolved sooner than expected. On the 23rd (local time), Trump wrote on his social networking service (SNS) platform Truth Social, "The United States and the Islamic Republic of Iran had an excellent and very productive conversation," and announced that he would postpone military strikes on the country's energy facilities and power plants.
The three major U.S. stock indexes in New York also all moved higher. On the 23rd (local time), the Dow Jones Industrial Average (DJIA) rose 631.00 points, or 1.38%, to close at 46,208.47. The S&P 500 gained 74.52 points, or 1.15%, to finish at 6,581.00, while the Nasdaq Composite advanced 299.15 points, or 1.38%, to end at 21,946.76.
The CoinMarketCap Crypto Fear and Greed Index stood at 33 that day, indicating a state of "fear." The index ranges from 0 to 100, with readings closer to 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
At the same time, Ethereum was trading around $2,141, up 4.70% from the previous day. Ripple (XRP) was changing hands around $1.41, up 3.01%.

yimsh0214@fnnews.com Reporter Lim Sang-hyuk Reporter