The price of bitcoin fell near the 100 million won mark as hopes for an end to the war in the Middle East faded.

According to global virtual asset market site CoinMarketCap on the 3rd, bitcoin stood at $66,933 (about 101.25 million won) as of 8:30 a.m., down 1.70% from 24 hours earlier. After President Trump's news conference, bitcoin fell to $65,788 (99.87 million won) around 10:40 p.m. on the 2nd.

A display board at the Bithumb customer center in Gangnam-gu, Seoul shows prices for Bitcoin and other virtual assets./Courtesy of News1

Earlier, President Trump held a news conference at the White House in Washington, D.C., on the 2nd (local time) and said, "We will strike Iran very hard soon," adding, "Over the next 2 to 3 weeks, we will return Iran to the 'Stone Age' where they belonged."

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