Bitcoin slips to $69,969, hovers near $70,000 amid global risk-off mood

Bitcoin briefly fell to $69,969 on Thursday afternoon in Asia before moving back above $70,000, extending a 5.5% decline over the past 24 hours. Ethereum dropped 6.9% to $2,159 and the GMCI 30 index fell about 5.4%, as analysts pointed to inflation data, Fed hawkishness, and oil-price pressures weighing on risk assets.