Bitcoin Drops Below $70,000
Qiyas summary
Bitcoin falls to lowest level since August amid inflation concerns
Translated by Qiyas from السياسة — Original source
Bitcoin fell below the $70,000 mark on Friday for the first time since August, weighed down by inflation concerns and expectations of higher interest rates, according to Bloomberg.
The largest cryptocurrency by market capitalization dropped as much as 4.4%, reaching $68,297, its lowest level since August 19.
Meanwhile, Asian equities lost early gains led by the technology sector, while bonds declined, as investors remained cautious ahead of the release of U.S. producer price data.
