Bitcoin struggles to hold $70,000 as oil surge jolts risk assets

Bitcoin dipped below the $70,000 level for the first time in over a week, as stocks sank and energy prices surged following renewed attacks on energy infrastructure in the Middle East.

The world’s largest cryptocurrency fell as much as 2.7% to $69,308 on Thursday, extending a decline from the previous day, when Bitcoin saw its largest drop in three weeks. Other cryptocurrencies such as Ether, BNB and XRP also declined. 

“Bitcoin has likely run out of steam in the short term after dropping nearly 5% over the past 24 hours, with a pullback toward $65,000, a possible outcome in the coming days,” said Robin Singh, chief executive officer of crypto tax platform Koinly. Price action is likely to remain between........

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