Bitcoin slips below $70,000 amid oil surge

Bitcoin's price fell below the $70,000 mark as a surge in oil prices and the Federal Reserve's decision to hold interest rates weighed on risk assets. The simultaneous rise in energy costs and stable monetary policy created a challenging environment for cryptocurrencies and equities alike. This macroeconomic backdrop suggests investors are becoming more risk-averse, leading to sell-offs in assets perceived as higher risk. The market is closely watching for further economic indicators and Fed policy shifts.