Bitcoin Rises to Around $74,000 on Hopes for U.S.–Iran End-of-War Deal [Crypto Briefing]

According to The Financial News, Bitcoin climbed to around $74,000 on the 15th, boosted by expectations for end-of-war negotiations between the United States of America (U.S.) and Iran.
Global crypto data platform CoinMarketCap reported that, as of 10:25 a.m. that day, Bitcoin was trading around $74,000, up 0.42% over the previous 24 hours. Over the past week, Bitcoin has gained 4.46%.
In the Korean won market, Bitcoin is trading around 110 million won. Based on data from global crypto market comparison platform Cryprice, the so-called Korea premium stands at 0.56%.
Bitcoin has been rallying strongly on hopes that the crisis in the Middle East will come to an end. At one point the previous day, Bitcoin briefly rose to the $75,000 level. It is the first time in about a month, since the 17th of last month, that Bitcoin has surpassed $75,000.
After the first round of talks between the U.S. and Iran broke down on the 11th, Washington began blocking ships bound for Iran from passing through key straits, prompting Tehran to signal a willingness to return to dialogue. According to foreign media, Iran is considering temporarily suspending transport through the Strait of Hormuz to avoid a situation in which talks with the U.S. are completely cut off.
James David Vance, the U.S. vice president, said on the 14th (local time) in a speech at an event hosted by conservative group Turning Point USA (TPUSA) in the U.S. state of Georgia, "President Donald Trump wants not a 'small deal' but a 'grand bargain.'"
The New York stock market also closed higher. On the 14th (local time), the Dow Jones Industrial Average (DJIA) rose 317.74 points, or 0.66%, to finish at 48,535.99. The Standard & Poor's (S&P) 500 gained 81.14 points, or 1.18%, to close at 6,967.38. The Nasdaq Stock Market (Nasdaq) jumped 455.35 points, or 1.96%, ending the session at 23,639.08.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 54 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 $2,338, down 1.25% from the previous day. Ripple (XRP) was changing hands around $1.36, down 0.23%.

yimsh0214@fnnews.com Im Sang-hyuk Reporter