Bitcoin Holds Above $81,000 as Middle East Talks Deteriorate and Circle Rally Sends Mixed Signals [Crypto Briefing]

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\r\n[The Financial News] Bitcoin is holding above $81,000 on the 12th. As ceasefire talks between the United States and Iran worsen, Circle's sharp rally on expectations for wider stablecoin adoption is creating mixed signals in the market.
According to global crypto data platform CoinMarketCap, Bitcoin was trading at around $81,000 as of 10 a.m., up 0.33% from the previous day on a 24-hour basis. Over the past week, Bitcoin has gained 1.84%.
Bitcoin is trading at around 120 million won in the KRW Market. Based on global crypto price comparison platform Cryprice, the Korea premium stood at -0.48%.
Ceasefire talks between the United States and Iran are on the verge of collapse. Speaking to reporters at the White House on the 11th local time, U.S. President Donald Trump described the ceasefire situation as "incredibly weak."
At the same time, Circle, the issuer of the USD Coin (USDC), helped lift sentiment in the crypto market after reporting earnings. That day, Circle closed at $131.76 on the New York Stock Exchange (NYSE), up 15.91%. In its earnings release, the company said USDC circulation reached $77 billion at the end of the first quarter, up 28% from a year earlier.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 51, indicating "neutral". The index ranges from 0 to 100. Values closer to 0 indicate "extreme fear," while those closer to 100 indicate "extreme greed."
At the same time, Ethereum was trading at around $2,333, up 0.54% from the previous day. Ripple (XRP) was trading at around $1.48, up 1.66%.
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yimsh0214@fnnews.com Lim Sang-hyuk Reporter