Bitcoin fell below $70,000 amid rising inflation and US stock market declines, causing other cryptocurrencies to decline as well.
Bitcoin fell below $70,000 after setting a record high for the fifth time in seven days as investors pulled back from riskier assets amid rising inflation and US stock market declines. The oldest cryptocurrency dropped 6.3% to $68,549, while other tokens like Ether, Avalanche, and Litecoin also declined. The Federal Reserve may not cut interest rates due to these economic indicators, which could affect the appeal of cryptocurrencies.
March 14, 2024
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