Bitcoin Trades Below $74,000 as Rate-Hike Fears Weigh on Sentiment
Bitcoin traded below $74,000 on Wednesday as hotter-than-expected U.S. inflation data raised concerns about further interest-rate hikes. Consumer prices rose 0.4% in October from the prior month, after a 0.6% increase in September.
By Joseph WilkinsBitcoin traded below $74,000 on Wednesday as hotter-than-expected U.S. inflation data raised concerns of further interest rate hikes, piling pressure on cryptocurrencies.Consumer prices rose 0.4% in October compared with the prior month, following a 0.6% increase in September, and…