Commodities & currencyNDTV Profit
Bitcoin Price Slide Below $70,000 As Inflation Concerns Hurt Crypto
Negative-49
GreyOak summary
Bitcoin dropped below $70,000, reaching $68,297, driven by inflation concerns and expectations of further US Federal Reserve rate hikes. US consumer prices rose 0.4%, reinforcing fears of higher rates.
What it affects
- BitcoinNegative -49
Bitcoin fell below $70,000 to $68,297.Rolling sentiment Negative -37
