Bitcoin Struggles to Hold $70,000 as Oil Surge Jolts Risk Assets

Bitcoin slipped below $70,000 for the first time in more than a week, pressured by a broader market selloff amid renewed attacks on Middle East energy infrastructure.

The world’s largest cryptocurrency fell as much as 3.4% to $68,799 on Thursday before paring some of the loss. Bitcoin extended a decline from the previous day, when it saw its largest drop in three weeks. Other cryptocurrencies such as Ether, Solana and XRP also declined.