Bitcoin climbs to around $71,000 on hopes for U.S.–Iran talks [Crypto Briefing]

[The Financial News] Bitcoin rose to around $71,000 on the 26th, supported by expectations of negotiations between the United States and Iran.
According to global crypto data platform CoinMarketCap, Bitcoin was trading around $71,000 as of 10:10 a.m. that day, up 0.64% over the previous 24 hours. Over the past week, Bitcoin has gained 0.29%.
In the KRW market, Bitcoin was trading around 106 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stood at -0.65%.
As the possibility of an end to the Middle East crisis grows, investor sentiment appears to be gradually improving. In a briefing on the 25th (local time), White House Press Secretary Karoline Leavitt said, "It is difficult to speak to specific details, but negotiations are under way." On the same day, Minister of Foreign Affairs of Iran Abbas Araghchi also stated in an interview with Islamic Republic of Iran Broadcasting, "Iranian leaders are reviewing a peace proposal presented by the United States through a mediating country."
Jeong Hee-chan, a researcher at Samsung Futures, explained, "The market is focusing on comments such as the White House stressing that peace talks are in progress, and expectations for negotiations are clearly dominant," adding, "However, given that volatility indicators remain at elevated levels, investors should be wary of excessive optimism driven solely by hopes for negotiations."
The CoinMarketCap Crypto Fear and Greed Index stood at 36 that day, indicating a state of "fear." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those near 100 as "extreme greed."
At the same time, Ethereum was trading around $2,162, up 0.08% from the previous day. Ripple (XRP) was changing hands around $1.41, down 0.43%.

yimsh0214@fnnews.com Reporter Lim Sang-hyuk Reporter