Bitcoin hits 7-week low near $70K amid escalating US-Iran tensions, early $744 million liquidated in 24 hours

Bitcoin slipped near the $70,000 mark, hitting a seven-week low as escalating US-Iran tensions triggered risk-off sentiment across global markets. More than $744 million in crypto positions were liquidated in 24 hours, while ETF outflows and weakening market sentiment added pressure on the world's largest cryptocurrency.