Bitcoin drops toward $70,000 ahead of U.S. jobs data; oil price rises on Iran war

Investors are turning more defensive as geopolitical tensions rise and key U.S. labor market data approaches. What to know : Bitcoin dropped toward $70,000 before the monthly U.S. jobs report, where unemployment is expected at 4.3% and nonfarm payrolls at 59,000. Broader markets are showing risk-off signals, with WTI crude rising above $83 per barrel, the Dollar Index strengthening above 99 and the Nasdaq-100-tracking Invesco QQQ ETF down about 0.5% in pre-market trading. Strategy (MSTR), Coinbase (COIN) and MARA Holdings (MARA) are all priced lower in pre-market trading.