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Bitcoin Reclaims $74,000 on Hopes of Easing Middle East Tensions

Source
Suehyeon Lee

Summary

  • Bitcoin (BTC) traded at $74,212.08, up 4.93%% from a day earlier.
  • Major altcoins including Ether (ETH) and XRP also rose, gaining 6.27%% and 3.23%%, respectively.
  • The rebound was attributed to hopes of easing tensions in the Middle East and US President Donald Trump's signal that negotiations could resume.

Forecast Trend Report by Period

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Photo: Shutterstock
Photo: Shutterstock

Bitcoin climbed back above $74,000.

As of 7:19 a.m. on June 14 in South Korea, Bitcoin was trading at $74,212.08, up 4.93% from a day earlier, according to CoinMarketCap. On Upbit's Korean won market, it was trading at 109.475 million won, up 3.61%.

Major altcoins also advanced, led by Ether. Ether traded at $2,326.51 on CoinMarketCap, up 6.27% from a day earlier, while XRP rose 3.23% to $1.37.

The rebound partly reflected hopes that tensions in the Middle East may ease. US President Donald Trump said earlier that there had been contact with Iran, signaling the possibility of resumed negotiations.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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