Bitcoin Slides Below US$70,000 as Inflation Concerns Hurt Crypto

UNN

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<p>Bitcoin fell below $70,000 for the first time since August amid inflation fears Bitcoin fell to $67,628, losing up to 9% in two days. Outflows from Bitcoin ETFs in the United States exceeded $2.5 billion</p>.

Korrespondent.net

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One of the reasons was fears of inflation and further decisions by the US Federal Reserve.

Kronen Zeitung

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Concerns about rising inflation and thus higher interest rates have exacerbated the latest price slip of Bitcoin on Friday. The oldest and best-known cryptocurrency on the Bitstamp trading platform for the first time since August fell under the round mark of 70,000 US dollars. Most recently the Bitcoin recorded at a good 68,700 dollars (61,998 euros).

Handelsblatt

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The fear of further interest rate hikes in the United States unsettles investors. Bitcoin prices are clearly declining. Nvidia's change of management is also burdening the market.

Reformatorisch Dagblad

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dagelijksestandaard.nl

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Bitcoin fell further in value on Friday and was worth less than $70,000 for the first time since August, equivalent to nearly €63,000. The world's largest digital currency and other cryptocurrencies are declining due to concerns about US inflation and higher interest rates.