Middle East risks ease… Bitcoin defends support at $106,000

Bitcoin (BTC) price has remained in that range since recovering above $106,000 following the announcement of a ceasefire agreement between Israel and Iran.
As of 4:15 p.m. on the 25th, the domestic Bitcoin price on the Bitcoin exchange rate rose 0.72% from the previous day to 146,323,000 won.
At the same time, the overseas Bitcoin price, based on CoinMarketCap, rose 0.67% from the same time the previous day to $106,469 (approximately 15.47 million yen).
The price of Bitcoin began to rise sharply from the previous day, recovering to $106,000 for the first time in about five days. The reason for the rise in the price of Bitcoin was the announcement made by US President Donald Trump the previous day.
This is analyzed as being due to the ceasefire between Iran and Israel. Uncertainty in the global economy has eased, and investment demand for Bitcoin, a risk asset, has increased.
"Israel and Iran have agreed to a complete and total ceasefire," President Trump said, adding, "The world is on the brink of an official end to the war on the 12th."
Bitcoin spot exchange-traded funds (ETFs) also recorded net inflows for 11 consecutive trading days. On the 24th (local time), the Bitcoin spot ETF
A total of $152.3 million was inflowed.