Bitcoin rebounds to around $68,000 on rising hopes for end of war [Crypto Briefing]

[Financial News] Bitcoin climbed back to the $68,000 level on the 1st, helped by growing expectations that the conflict in the Middle East may come to an end.
According to global digital asset data platform CoinMarketCap, Bitcoin was trading around $68,000 as of 10:20 a.m. that day, up 0.40% over the previous 24 hours. Over the past week, however, Bitcoin has fallen 3.85%.
In the KRW market, Bitcoin was trading around 102 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stood at 0.25%.
The move is seen as being driven by growing optimism that the war involving the United States and Israel on one side and Iran on the other could soon come to an end. On the 31st of last month (local time), Masoud Pezeshkian, president of Iran, stated that Iran is willing to end the conflict if the United States meets certain essential conditions.
U.S. President Donald Trump also told reporters at the White House the same day, "We have no reason to stay in Iran any longer, so we will leave in two or three weeks."
In response, the three major U.S. stock indices all finished higher. On the 31st of last month (local time), the Dow Jones Industrial Average (DJIA) closed at 46,341.51, up 1,125.37 points (2.49%) from the previous session. The Standard & Poor's (S&P) 500 jumped 184.80 points (2.91%) to finish at 6,528.52, while the Nasdaq Stock Market (Nasdaq) rose 795.99 points (3.83%) to close at 21,590.63.
CoinMarketCap's "Crypto Fear and Greed Index" stood at 31 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 $2,099, up 2.11% from the previous day. Ripple (XRP) was changing hands at about $1.33, a gain of 0.52%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter