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Cryptocurrencies Mixed on Middle East Risk; Bitcoin Hovering Around $78,000, Ripple (XRP) Technical Rebound in Focus

As military conflict between the United States and Iran reignites, geopolitical risks are spreading once again, and with global macro uncertainty compounding the situation, the cryptocurrency market showed mixed performance overall. As of Korean time, the flagship cryptocurrency Bitcoin (BTC) was t

Wooil Shim
Staff Reporter
3 min read
Cryptocurrencies Mixed on Middle East Risk; Bitcoin Hovering Around $78,000, Ripple (XRP) Technical Rebound in Focus
CBC News

As military conflict between the United States and Iran reignites, geopolitical risks are spreading once again, and with global macro uncertainty compounding the situation, the cryptocurrency market showed mixed performance overall.

As of Korean time, the flagship cryptocurrency Bitcoin (BTC) was trading at $78,217.38, up 0.47% from 24 hours earlier. After recently failing to break above the $80,000 level, Bitcoin has continued to consolidate around the $78,000 mark.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recorded $2,449.30, up 0.29% from 24 hours earlier, showing limited movement in the upper $2,400 range. Tether (USDT), a fiat currency-pegged stablecoin, maintained its $1 peg at $0.9996, while Binance Coin (BNB) traded at $686.97 (-0.04%).

Meanwhile, Ripple (XRP) is trading at $1.37 (+0.46%). Ripple is attempting a short-term technical rebound, but it has recorded -5.55% over the past 30 days, remaining relatively weak.

The market analyzed that the surge in international oil prices and the rise in U.S. Treasury yields following mutual strikes between U.S. forces and Iran are stimulating risk-off sentiment across financial markets. As a result, the cryptocurrency market, lacking clear momentum, continues to move within a range as it tests major support levels.

[This article is provided for informational purposes only and does not constitute investment advice or a recommendation regarding any specific cryptocurrency. The final responsibility for all investment decisions rests with the investor. This article was partially assisted by AI.]

Wooil Shim
Staff Reporter

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