Bitcoin falls below $70,000 mark, Middle East conflict drags down cryptocurrencies

 The Middle East conflict is impacting global markets, causing a sell-off in cryptocurrencies and pushing Bitcoin below $70,000. Rapid liquidations and macroeconomic pressures like elevated oil prices are weighing on digital assets. Analysts suggest a cautious consolidation phase, with short-term volatility expected to persist due to geopolitical events and reduced US rate cut expectations. The Middle East conflict is impacting global markets, causing a sell-off in cryptocurrencies and pushing Bitcoin below $70,000. Rapid liquidations and macroeconomic pressures like elevated oil prices are weighing on digital assets. Analysts suggest a cautious consolidation phase, with short-term volatility expected to persist due to geopolitical events and reduced US rate cut expectations.