Bitcoin Price Plummets Below $70,000 Amid Energy Crisis

The global cryptocurrency market is experiencing a downturn, with major players such as Bitcoin and XRP experiencing significant losses.

Bitcoin, which had been trading around $70,000 earlier in the week, has fallen below this threshold due to increased energy prices linked to the ongoing conflict in Iran.

This price drop comes despite a key regulatory breakthrough for digital assets, with the US Securities and Exchange Commission (SEC) backing a plan by Nasdaq to tokenize securities.