Commodities & currencyNDTV Profit
Bitcoin slips below $70,000 on rate hike worries
Negative-43
GreyOak summary
Bitcoin fell below $70,000, dropping nearly 9% over two days. The decline was driven by persistent inflation and expectations of higher US interest rates. US core inflation rose 0.3% in October, exceeding estimates. Institutional demand weakened with over $2.5 billion in net ETF outflows since late October.
What it affects
- BitcoinNegative -43
Bitcoin fell below $70,000 by 9%.Rolling sentiment Negative -26
