Bitcoin plunges below $70K to 3-month low as US inflation stokes rate-hike bets

Bitcoin fell 7.3% to a three-month low under $70,000, driven by stronger-than-expected US inflation data that raised expectations of further Federal Reserve rate hikes. The move reflects broad risk-off sentiment in crypto markets as higher bond yields pressure speculative assets. Uncertainty remains over the Fed's next policy steps and the sustainability of the selloff.

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