Bitcoin Price Slides Below $70,000 After Fed Warning, Oil Spike Rattle Crypto Stocks
Bitcoin dropped 2.7% to $69,320.42 on Thursday, falling below $70,000 as oil prices surged and the Federal Reserve held rates steady. U.S. spot bitcoin ETFs saw $163.5 million in net outflows on March 18 after a week of inflows. Coinbase shares slipped 1.7%, while Citi lowered its 12-month bitcoin target to $112,000 and warned of a possible drop to $58,000 if recession hits.