Bitcoin recovered the $70,000 level (about 104.2 million won) as Middle East geopolitical tensions eased.
According to CoinMarketCap, a global virtual asset market tracker, as of 8:30 a.m. on the 24th, the price per bitcoin was $70,669, up 3.76% from the previous day.
The day's bitcoin rise is seen as partly due to a slight easing of war tensions between the United States and Iran. U.S. President Donald Trump said on his social networking service Truth Social, "We had productive talks with Iran," and "We postponed the attack on Iran's energy facilities by five days."
Razor Digital, a digital asset trading company, said, "For now, the potential catalysts that could stabilize the market are an easing of tensions, or at least the resumption of normal navigation through the Strait of Hormuz," and noted, "Absent these conditions, the cryptocurrency market is likely to remain on a bearish trend."