Bitcoin slides below $70,000 as inflation concerns hurt crypto
Bitcoin fell below $70,000 Friday for the first time since August, extending a two-day slump to as much as 9 percent as concerns about inflation and higher interest rates weighed on cryptocurrencies. The largest digital asset sank as much as 5.4 percent to $67,628, its lowest level since Aug. 19, adding to a 3.8 percent decline on Thursday. It later pared some losses to trade around $69,200 in early morning in New York. Roughly $1.5 billion in bullish bets on…