Bitcoin Tumbles Below $70,000 Amid Market Downturn

The cryptocurrency market took a hit on Thursday morning as Bitcoin's value dropped sharply, falling below the $70,000 mark.

This decline comes in the wake of Federal Reserve Chair Jerome Powell's statement that U.S. interest rates would remain unchanged, leading to a shift in investor sentiment.

Beyond the Fed's decision, oil prices are also contributing to the market volatility, with the war-driven surge adding to the pressure on risk assets.