Bitcoin price today: drops to $70,000 amid Iran conflict; ready for a weekly jump
Bitcoin fell in Asian trading on Friday but remained supported above the key $70,000 level, as investors stayed cautious due to escalating conflicts in the Middle East, which have driven up oil prices and overshadowed global inflation and interest rate forecasts.
The world's largest cryptocurrency dropped 3.1% to $70,182.6 by 08:56 (Saudi time), after briefly jumping above $74,000 earlier this week, still on track for a weekly gain of 7%.