Bitcoin Gives Up Gains After U.S.–Iran Talks Collapse, Trades Around $71,000 [Crypto Briefing]

According to The Financial News, Bitcoin fell to around $71,000 on the 13th after cease-fire talks between the United States and the Islamic Republic of Iran broke down.
Data from global digital asset platform CoinMarketCap showed Bitcoin trading at around $71,000 as of 10 a.m. that day, down 2.57% over the previous 24 hours. Over the past week, Bitcoin has risen 3.01%.
In the Korean won market, Bitcoin is trading at around 106 million won. Based on figures from global crypto market comparison platform Cryprice, the Korea premium stands at 0.29%.
Bitcoin had climbed to around $73,000 the previous day on hopes that the Middle East crisis would come to an end, but at one point on the 13th it retreated to around $70,000.
Investor sentiment appears to have weakened as conditions deteriorated following the collapse of the first cease-fire talks between the United States and the Islamic Republic of Iran. In response to Iran’s move to blockade the Strait of Hormuz, the U.S. military announced it would shut down all maritime traffic entering and leaving Iranian ports starting at 10 a.m. on the 13th local time (11 p.m. Korea time on the 13th). Iran warned that it would take strong action if the United States actually carried out such measures.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 43 that day, indicating a "neutral" market mood. 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 $2,205, down 3.60% from the previous day. Ripple (XRP) was trading around $1.32, up 1.74%.

yimsh0214@fnnews.com Lim Sang-hyuk Reporter