Bitcoin edged higher and held above $81,000, supported by improved risk appetite tied to expectations of progress in end-of-war talks between the United States and Iran.
Bitcoin was trading at $81,308 as of 8 a.m. on the 7th, up 0.24% from a day earlier, according to CoinMarketCap. After reclaiming the $81,000 level on May 5 for the first time in four months, it has remained around that range.
Major altcoins were mostly higher. Solana rose 2.82% to $89.06, and XRP gained 0.42% to $1.42. Ethereum fell 0.88% to $2,346.
Market participants pointed to expectations that U.S.-Iran end-of-war negotiations could advance. A U.S. online outlet earlier reported the two sides were close to signing a memorandum of understanding with 14 items. The report said the MOU would include a temporary suspension of Iran’s nuclear enrichment and reopening the Strait of Hormuz.
Uncertainty around the talks, however, continued to leave room for volatility. Iran’s chief negotiator, Mohammad Bagher Ghalibaf, the speaker of parliament, voiced displeasure on May 6 local time, calling the report a “fake Axios operation.”
In South Korea, bitcoin was trading at about 119.56 million won on Bithumb at the same time, down 0.22% from a day earlier. The so-called “kimchi premium,” in which domestic prices trade above overseas levels, stood at 1.617%.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.