Bitcoin Holds at $70,000 While Markets Watch Middle East Cease-fire Prospects [Crypto Briefing]

[The Financial News] Bitcoin was trading around $70,000 on the 25th as markets weighed the possibility of a cease-fire in the Middle East.
According to global crypto data platform CoinMarketCap, Bitcoin was up 0.19% over the past 24 hours as of 10 a.m., trading near $70,000. Over the past week, Bitcoin has fallen 4.24%.
In the KRW market, Bitcoin was trading around 105 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stood at -0.28%.
Markets are watching to see whether the conflict in the Middle East will come to an end. Meeting reporters at the White House on the 24th (local time), U.S. President Donald Trump hinted at a possible cease-fire, saying, "We received a gift from the Iranian side. It has to do with oil and gas."
Iran is also reportedly trying to avoid further escalation. Iranian Foreign Minister Abbas Araghchi said in a phone call on the 23rd (local time) with Foreign Minister Cho Hyun of the Republic of Korea, "The Strait of Hormuz is closed only to vessels from the invading camp," adding, "For ships from other countries, there is no problem passing through the strait in coordination with Iran."
CoinMarketCap's "Crypto Fear and Greed Index" stood at 34 on the day, indicating "fear." 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 $2,158, up 0.78% from the previous day. Ripple (XRP) was around $1.42, down 0.02%.


yimsh0214@fnnews.com Lim Sang-hyuk Reporter