Bitcoin has held its ground amid intensifying geopolitical risk from the Iran war, rising about 8% since the conflict began. As of March 16, BTC was trading at KRW 106,460,000 on the domestic exchange Bithumb, up 0.92% from 24 hours earlier. In U.S. dollars, BTC traded above $72,000.
Ethereum, the largest altcoin by market cap, rose about 3.90% over the last 24 hours, while Solana gained about 4.70% and Ripple about 2.94%, underscoring broad crypto strength. The BTC price on CoinMarketCap hovered around $72,554.
Analysts say that if Bitcoin can hold the early 100 million won range this week, further upside could be possible. Investors are watching the March 16–17 FOMC meeting for signals on the path of interest rates and risk appetite. The kimchi premium stood at -1.68%, indicating domestic prices traded below overseas levels, while the fear-and-greed index sat at 23, signaling ‘extreme fear’ despite the rally. The WSJ reports that cross-asset hedging activity appears heightened, with WTI crude perpetual futures on the HyperLiquid exchange surging to about $7.3 billion by March 13 from $339 million on Feb 28.
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