Bitcoin rises to the $79,000 range on hopes of an end to Middle East tensions [Crypto Briefing]

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\r\n[The Financial News] Bitcoin climbed to the $79,000 range on the 27th, as hopes grew for an end to the Middle East crisis.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $79,000 range as of 10 a.m. that day, up 2.45% from 24 hours earlier. Over the past week, Bitcoin has gained 6.81%.
Bitcoin is trading in the 117 million won range on the Korean won market. Based on global crypto price comparison platform Cryprice, the Korean premium stands at 0.37%.
The crypto market appears to be expecting that the U.S. and Iran could reach an agreement to end the conflict. According to foreign media reports, Iranian Foreign Minister Abbas Araghchi is scheduled to meet President of Russia Vladimir Putin in Moscow on the 27th local time. Some observers believe Iran will explain its negotiation goals and plans to Russia and other friendly countries while seeking their support.
CoinMarketCap's Crypto Fear and Greed Index stood at 48 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 $2,398 range, up 3.58% from the previous day. Ripple (XRP) was trading in the $1.44 range, up 1.46%.
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yimsh0214@fnnews.com Im Sang-hyeok Reporter