Bitcoin Declines the Most in Three Weeks as Risk Aversion Rises

Bitcoin fell the most in three weeks as escalating Iran tensions triggered a broad risk-off move across global markets.

The largest cryptocurrency dropped as much as 5.4% on Wednesday to around $70,500 in New York. Losses deepened as oil prices surged following Iran’s attack on a key LNG site in Qatar. Earlier this week, Bitcoin climbed to nearly $76,000 - its highest level since the start of February. Smaller, more volatile tokens also declined, with Ether and Solana each falling about 6%.