Bitcoin Weakens, Iran and Oil Conflicts Disturb Sentiment
Bitcoin weakened on Friday (March 6th) but remained above the psychological level of US$70,000, as investors remained cautious amid escalating Middle East conflicts that have maintained energy volatility and clouded the outlook for global inflation and interest rates.
Bitcoin (BTC) traded at US$70,705, down 2.57% from its previous close.
Pressure also spread to major altcoins. Ethereum (ETH) fell 2.73% to US$2,071.5, while XRP weakened 1.41% to US$1.40.
Elsewhere, Solana (SOL) fell 2.98% to US$88.38, and Cardano (ADA) weakened 1.13% to US$0.268845.
In the meme token segment, Dogecoin (DOGE) fell 3.28% to US$0.093144, confirming that a strengthening dollar and repricing interest rate expectations tend to pressure risk assets, including crypto, although BTC still showed relative resilience, holding above US$70,000.
Source: Newsmaker.id