Bitcoin climbed on hopes of a U.S.-Iran truce, briefly nearing $70,000 and broadening risk appetite across crypto and traditional markets. Altcoins rose, while derivatives indicators showed bullish signals and falling implied volatility. The rally, however, rests heavily on expectations that truce reports will be confirmed, with past anonymous sourcing and Iranian denials cited as risks. Oil market factors resurfaced, and some observers warned a sharp rise in crude could threaten broader markets.

South Korea is facing compounded pressure from higher oil prices, a weaker won and rising inflation, with the won-dollar rate nearing 1,540 and oil product prices up about 10 percent from a year earlier. The central bank is expected to hold rates this month, but prolonged price and currency pressures could raise the possibility of a second-half hike. Authorities have tightened household debt controls and pushed market reforms, while the Financial Supervisory Service has urged stronger IT internal controls at internet banks.