Bitcoin price retags $69K as G7 oil plan hangs in the balance

Bitcoin reached $69K with a 5% relief bounce from its weekly open, outperforming global stock markets that suffered losses amid oil supply uncertainty and G7 oil plan discussions. The cryptocurrency demonstrated resilience by avoiding the broader market downturn.

• →Bitcoin price reached $69K with a 5% recovery from weekly lows
• →Bitcoin outperformed global stock markets which declined on oil supply concerns
• →G7 oil plan uncertainty is creating volatility in traditional markets
• →Cryptocurrency showed relative strength compared to other risk assets
• →Oil supply concerns are driving divergence between crypto and equity markets