Bitcoin climbs to around $71,000 on news of two-week truce [Crypto Briefing]

[Financial News] Bitcoin rose to around $71,000 on the 8th after news of a two-week truce between the United States and Iran.
According to global digital asset data platform CoinMarketCap, Bitcoin was trading around $71,000 as of 10:30 a.m. that day, up 3.99% over the previous 24 hours. Over the past week, Bitcoin has gained 5.42%.
In the Korean won market, Bitcoin was trading around 106 million won. Based on data from global crypto market comparison platform Cryprice, the Korea premium stood at 0.52%.
This is the first time in about two weeks that Bitcoin has reclaimed the $70,000 level, after last reaching it on the 26th of last month. As tensions in the Middle East dragged on, Bitcoin had recently been moving sideways around $60,000.
News of the truce drove the price higher. On the 7th (local time), US President Donald Trump stated on Truth Social, "Iran has agreed to halt bombings and attacks for two weeks on the condition that the Strait of Hormuz is fully opened."
The "Crypto Fear and Greed Index" provided by CoinMarketCap stood at 45 that day, indicating a neutral market. The index ranges from 0 to 100: readings near 0 signal "extreme fear," while those near 100 indicate "extreme greed."
At the same time, Ethereum was trading around $2,234, up 5.73% from the previous day. Ripple (XRP) was at about $1.36, a gain of 3.47%.


yimsh0214@fnnews.com Lim Sang-hyuk Reporter