The price of Bitcoin fell below $70,000 amid inflation concerns.
Bitcoin's value fell below 70,000 dollars on Friday, marking the first time it has dropped below that level since August. The decline follows reports that the US consumer price index, excluding food and energy, rose 0.3 percent from the previous month. High inflation in the US is pressuring the Federal Reserve to raise interest rates, which has impacted cryptocurrency prices.
- Bitcoin's value was below 70,000 dollars for the first time since August.
- High US inflation pressures the Federal Reserve to raise interest rates.
- The consumer price index, excluding food and energy, rose 0.3 percent from a month earlier.
Outlets: Estadão, Free Malaysia Today, Handelsblatt, Kurier, La Libre Belgique, Moneyweb, NU.nl, Tages-Anzeiger, The Korea Herald, VRT NWS
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