The price of Bitcoin surged nearly 5% in a single day. The improvement in investor sentiment is interpreted as a sign that the war in the Middle East is showing signs of coming to an end.
According to the global virtual asset market tracking site CoinMarketCap on the 24th, as of 8 a.m. that day, Bitcoin is being traded at $105,675 (approximately 145.03 million won). This is a price increase of 4.74% compared to the previous day. At the same time, the price of Ethereum rose to $2,412 (approximately 3.31 million won), an increase of 8.22% compared to the previous day.
On the 21st, after the United States attacked Iran's nuclear facilities, Bitcoin fell to the $98,000 range. Although Iran launched a retaliatory attack on the U.S. base in Qatar, the impact was limited as 13 out of 14 missiles were intercepted and no casualties occurred. Moreover, U.S. President Donald Trump announced that a ceasefire agreement had been reached between Israel and Iran, further easing tensions in the investment market.