Bitcoin hovered just above $70,000 after three days of declines from a six-week
high near $76,000, trading around $70,500 in Singapore. The week was mixed: US
regulatory clarity from the Securities and Exchange Commission supported
sentiment, but Iran war-driven inflation risks and hawkish central bank signals
weighed on risk assets. IG Markets’ Tony Sycamore said the selloff reflects
rising rate hike expectations and broader portfolio de-risking.
