Bitcoin fell around 3% on Thursday, dropping below the key $70,000 level to trade around $69,500 after briefly climbing above $71,000 earlier in the day. The move marks a sharp reversal from just days ago, when Bitcoin surged close to $76,000 and appeared poised to hold above the psychologically important $70,000 threshold. Rising energy prices, persistent inflation and shifting expectations around interest rates are weighing on sentiment, while large-holder selling and regulatory uncertainty add further headwinds. With volatility increasing, the near-term direction for Bitcoin is likely to remain closely tied to developments in global markets, particularly energy prices and central bank policy signals.
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