Bitcoin falls to around $68,000 as Middle East tensions rise [Crypto Briefing]

According to The Financial News, Bitcoin fell to around $68,000 on the 27th as tensions surrounding the Middle East crisis intensified.
Global crypto asset data platform CoinMarketCap showed that, as of 10 a.m. that day, Bitcoin was trading around $68,000, down 3.56% over the previous 24 hours. Over the past week, Bitcoin has declined 2.20%.
In the Korean won market, Bitcoin is trading around 103 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stands at 0.01%.
Investor sentiment appears to have deteriorated as the likelihood of a prolonged crisis in the Middle East has grown. United States of America President Donald Trump has repeatedly stated that he is holding talks with the Islamic Republic of Iran, but Tehran has criticized Washington’s proposal as a "triple-layered deception scheme." In response, Trump announced that attacks on Iranian power plants would be extended until the 6th of next month, Eastern Time, further raising the possibility that the situation will drag on.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 28 that day, indicating "fear." 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 $2,065, down 4.69% from the previous day. Ripple (XRP) was trading around $1.36, a decline of 3.64%.


yimsh0214@fnnews.com Im Sang-hyuk Reporter