Bitcoin Falls to the $74,000 Range on U.S. Seizure of Iranian Vessel [Crypto Briefing]

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\r\n[The Financial News] Bitcoin fell to the $74,000 range on the 20th after reports that the United States had shelled and seized an Iranian cargo ship.
According to CoinMarketCap, Bitcoin was trading in the $74,000 range at 10:40 a.m. that day, down 1.08% from the previous day on a 24-hour basis. Over the past week, Bitcoin has risen 5.07%.
Bitcoin is trading around 111 million won in the Korean won market. Based on Cryprice, the Korean premium stands at 1.09%.
Bitcoin had climbed to the $78,000 range on the 18th, fueled by hopes that the United States and Iran could reach a ceasefire agreement. It was the first time Bitcoin had moved above $78,000 in two months, since early February.
However, as tensions in the Middle East rose again, it gave back those gains. On the 19th local time, U.S. President Donald Trump said on Truth Social, "The Iranian cargo ship tried to break through our maritime blockade," and added, "Our Navy warship put a hole in the engine room and stopped it." Some observers believe the U.S. Navy shelled the Iranian cargo ship before seizing it.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 51 on the day, indicating "neutral." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $2,293 range, down 2.24% from the previous day. Ripple (XRP) was trading around $1.41, down 1.43%.
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yimsh0214@fnnews.com Lim Sang-hyuk Reporter