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Bitcoin price undercuts $70,000 as higher-for-longer policy weighs
Cryptocurrency stocks retreated early Thursday and bitcoin skidded back below $70,000. Oil prices continue to jump amid escalating energy attacks in the Middle East, while the Federal Reserve maintained interest rates and signaled one cut this year. In addition, the Securities and Exchange Commission this week announced new definitions for digital assets, and approved Nasdaq's proposal for tokenized trading. The price of bitcoin early Thursday fell below $69,300, retreating from its Monday high of $75,620. Bitcoin retreated more than 4% over the past 24 hours, but is still down less than 2% across the week, ... (full story)
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