[Market] Bitcoin Reclaims $69,000 Level…Rebounds on Hopes of Easing Middle East Tensions

Bitcoin (BTC) has extended its rebound, reclaiming the $69,000 level.

As of 9:38 a.m. on the 10th (KST), Bitcoin was trading at $69,149.67, up 3.93% from the previous day, according to CoinMarketCap. On Upbit’s KRW market, it was trading at 101.5 million won, up 1.07% from the day before.

Major altcoins, including Ethereum (ETH), also posted gains. Ethereum was up 3.04% day on day to $2,018.07 on CoinMarketCap, while XRP was trading at $1.37, up 1.37% from the previous day.

The rebound is seen as reflecting expectations that Middle East-driven geopolitical risks will ease after U.S. President Donald Trump made remarks suggesting the Iran war has effectively entered its final stage. Iran signaled a conditional stance, saying it could end the war if guarantees are put in place that there will be no further attacks by the United States and Israel. However, some in the market are also raising the possibility that short-term volatility could persist, as the situation in the Middle East has not fully stabilized.