Bitcoin Holds Below $70,000 as Risk-Off Mood Pressures Crypto

The digital currency's decline comes as investors reassess their positions amid tightening monetary policy expectations. The tech sector's recent selloff has further exacerbated pressure on cryptocurrencies, which are often viewed as high-risk assets.

Bitcoin's prolonged weekly losses highlight the challenges facing digital assets in a rising rate environment. The cryptocurrency market remains sensitive to broader market sentiment and macroeconomic indicators.