Bitcoin Slips Below $70,000 Amid Rate Hike Worries

Cryptocurrency markets faced a sharp downturn as Bitcoin extended its two-day slump by 9 percent. The leading digital asset slipped below the key $70,000 threshold due to widespread unwinding of leveraged positions. This sudden drop was primarily driven by growing investor anxieties regarding potential interest rate hikes. The correction highlights ongoing volatility in the digital asset sector.