Bitcoin Falls to the $73,000 Range as U.S.-Iran Talks Hit Snags Before Final Approval [Crypto Briefing]

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\r\n[Financial News] Bitcoin fell to the $73,000 range on the 1st. The decline appears to reflect rising tensions between the United States and Iran ahead of final approval of a draft memorandum of understanding (MOU) to end the war.
According to CoinMarketCap, Bitcoin was trading in the $73,000 range at 10:10 a.m., down 0.49% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 4.39%.
In the Korean won market, Bitcoin is trading around 108 million won. Based on Cryprice, the Korean premium stands at -2.72%.
Bitcoin has been falling since it dropped below the $75,000 level on the 28th of last month. After slipping to the $72,000 range on the 29th, it has recently been moving sideways between $73,000 and $74,000.
With no clear crypto-specific catalyst in sight, the market is watching whether ceasefire talks between the United States and Iran will drag on. According to foreign media reports, President Donald Trump demanded additional concessions just before final approval of an agreement to end the war. Iran is also reportedly preparing a new revised proposal.
Institutional money is also flowing out. According to CoinMarketCap, institutions posted net selling in Spot Bitcoin ETFs for 10 consecutive trading days from the 15th to the 29th of last month.
The 'Crypto Fear and Greed Index' provided by CoinMarketCap stood at 35 on the day, indicating 'fear.' The index ranges from 0 to 100, with values closer to 0 interpreted as 'extreme fear' and values closer to 100 as 'extreme greed.'
At the same time, Ethereum was trading in the $2,008 range, down 0.84% from the previous day. Ripple (XRP) was trading in the $1.33 range, down 0.15%.
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yimsh0214@fnnews.com Lim Sang-hyuk Reporter