Bitcoin Slides Below $66,000 As Inflation Cools Rate Cut Hopes

Traders Union688 FollowersFollow5ShareSavePlay(4min)CommentsSummaryBitcoin falls below $66,000 after hot U.S. inflation data.Strong PPI reading weakens expectations of Fed rate cuts.Crypto market drops 3% as tech stocks slide. Nastco/iStock Editorial via Getty Images By Yaroslav Dmytrenko Bitcoin (BTC-USD) fell below $66,000 on Friday after hotter-than-expected U.S. producer inflation data triggered a broad sell-off in technology stocks. Rate cut hopes fade U.S. macroeconomic data released Friday showed that theThis article was written byTraders Union688 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.