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Bitcoin Slides Below $70,000 as Inflation Concerns Hurt Crypto - BLOOMBERG
Inflation Concerns Hurt Crypto
By Matt Haldane and Suvashree Ghosh
Bitcoin fell below $70,000 Friday for the first time since August, extending a two-day slump to as much as 9% as concerns about inflation and higher interest rates weighed on cryptocurrencies.
The largest digital asset sank as much as 5.4% to $67,628, its lowest level since Aug. 19, adding to a 3.8% decline on Thursday. It later pared some losses to trade around $69,200 in early morning in New York.
