Bitcoin Struggles to Hold $70,000 as War Fuels Inflation Fears

Bitcoin briefly slid below $70,000 on Friday as inflation fears tied to the Iran war rattled markets, overshadowing a fresh regulatory win for cryptocurrencies in the US.

Bitcoin has fallen for three straight days after reaching a six-week high of nearly $76,000 on Tuesday, as volatility in energy and oil markets continues. The token was trading just at roughly $70,000 in New York on Friday afternoon, little changed from a week ago.