BTC USD price today: Bitcoin drops to $70,000 as oil price surges past $100 amid Middle East tensions - what traders need to know now

Bitcoin BTC USD price drops as oil surges past $100: Bitcoin experienced a 2% dip, hovering around $70,000 as oil prices surged over $100 a barrel due to escalating Middle East tensions and attacks on oil tankers. Despite short-term caution, analysts note potential for Bitcoin gains, citing whale accumulation and historical funding rate patterns.