Bitcoin briefly dipped below the $70,000 level, 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 2.4% to $69,508 on Thursday, extending a decline from the previous day, when Bitcoin saw its largest drop in three weeks. Escalating tensions around the conflict in Iran have triggered a broad risk-off attitude across global markets, with Japanese equities suffering their longest slump since April and European equities falling across the board.