Bitcoin Prices Stabilize Above $70k Amid Oil Price Volatility

Bitcoin prices have regained stability above $70,000 after experiencing a decline in the previous session due to fluctuations in oil prices and concerns over the Federal Reserve's policy outlook.

The world's largest cryptocurrency traded at $70,383.0 by 09:04 ET (13:04 GMT), showing a 0.7% increase from the previous day.

However, the digital asset had fallen to as low as $68,814.4 on Thursday due to a brief spike in crude prices, which triggered a broad retreat across risk-sensitive assets.