Bitcoin Falls 5% to $69,227, Below $70,000 for First Time Since August
Bitcoin traded at $69,227 at 11:53 GMT on Friday, down 5% from the same time Thursday. Forced selling in leveraged trades intensified the decline, which the report links to US inflation fears and ETF withdrawals.
Bitcoin fell below $70,000 on Friday for the first time since August as forced selling in leveraged trades intensified a decline driven by US inflation fears and withdrawals from exchange-traded funds.The cryptocurrency traded at $69,227 at 11:53 GMT, down 5% from the same time on Thursday, accordi…