Virtual assets rise on expectations of easing Middle East conflict… Bitcoin up 2% [Decenter Market Status]

As the expectation grows that the military conflict between Israel and Iran will not escalate further, the cryptocurrency market is showing a simultaneous upward trend. Bitcoin (BTC) is showing a rise of around 2%, aiming to reclaim $108,000. At 8 AM on the 17th, according to the global cryptocurrency market tracking site CoinMarketCap, BTC recorded $107,765.63, up 2.36% from the previous day. At the same time, Ethereum (ETH) rose 1.09% to $2,572.40, XRP increased 5.05% to $2.27, and Solana (SOL) rose 0.54% to $152.96. In domestic exchanges, BTC is rising while altcoins are declining. At the same time, based on Bithumb, BTC rose 0.25% to 148,057,000 won. ETH dropped 2.59% to 3,531,000 won, XRP fell 0.19% to 3,127 won, and SOL declined 2.33% to 210,000 won. The cryptocurrency market is rising due to optimism that Middle Eastern tensions will ease. According to the Wall Street Journal, Iran has informed neighboring Middle Eastern countries that it will return to nuclear negotiations with the US unless the US participates in Israel's attack on Iran. Additionally, Iran directly conveyed to Israel that restraining military exchanges serves the mutual interests of both countries. Reuters also reported that Iran expressed to Qatar, Saudi Arabia, and Oman its hope that former President Trump would help facilitate a ceasefire with Israel. Consequently, the New York stock market also closed higher. The Dow Jones Industrial Average rose 0.75%, the S&P 500 increased 0.94%, and the Nasdaq Composite, which focuses on tech stocks, rose 1.52%. The Crypto Fear and Greed Index by cryptocurrency data analysis firm Alternative.me increased 1 point from the previous day to 61 points, indicating a "greed" state. This index suggests that the closer to 0, the more constrained the investment sentiment, while closer to 100 indicates market overheating.