Bitcoin extends slide a day after another inflation report

Bitcoin ( BTC-USD ) extended its slide on Friday, a day after another hot inflation report fuelled speculation that the Federal Reserve will not be in a rush to slash interest rates. The world's largest digital currency fell 6.91% to $67.9K as at 10:19 am ET, a day after the inflation report pushed BTC below the $70K mark. On Thursday, the producer price index for February came in hotter than forecast, while another data showed jobless benefits were claimed in the past week by fewer people than economists had expected. Bitcoin's ( BTC-USD ) decline comes in a week that saw prices hitting record highs, boosted by inflows into exchange-traded funds investing directly in the cryptocurrency. Ether ( ETH-USD ), the second largest cryptocurrency also dropped 5.32% to $3.7K. Crypto-linked stocks which are typically affected by BTC prices, however, did not seem to be impacted much, with Marathon Digital ( MARA ) up 1.7% , CleanSpark ( CLSK ) up 5% , Coinbase ( COIN ) up 1.2% , Riot Platforms ( RIOT ) up 0.5% , but MicroStrategy ( MSTR ) was down 3% . More on Bitcoin USD Digital Currency And Gold As Speculative Warnings Bitcoin Rockets To All-Time High Ahead Of Halving Event: Will It Hit $100,000? Why Bitcoin Is Fundamentally Flawed Bitcoin piggy bank: El Salvador moves over 5K BTC to cold wallet Bitcoin slides to below $70K in wake of another hot inflation report