Bitcoin dives 3% on global asset rout as $5K gold 'smashed' on oil fears

Bitcoin dropped 3% as global markets sold off amid escalating tensions with Iran that sparked oil supply concerns. The cryptocurrency failed to reclaim $70,000 as the broader risk-off sentiment affected stocks, gold, and digital assets.

• →Bitcoin fell 3% as bulls failed to push the price back above $70,000.
• →Global asset selloff was triggered by Iran escalation fears affecting oil supplies.
• →Risk-off sentiment impacted multiple asset classes including stocks and gold.
• →Geopolitical tensions continue to influence cryptocurrency market movements.
• →Oil supply concerns created broader market uncertainty across traditional and digital assets.