What to know:
Bitcoin slid back below $66,000, erasing most of its midweek gains as major cryptocurrencies and crypto-related stocks fell alongside a broader risk-off move in markets.Hotter-than-expected January U.S. producer price inflation pushed expectations further back for interest rate cuts, while widening credit spreads and sharp declines in private-equity firms point to mounting worries about credit stress.Traders are positioning for bitcoin to remain range-bound between $72,000 and $54,000 in March, one analyst said.
BTC
66,296
-2.58%