Bitcoin sell-off intensifies after hot US inflation report rattles stocks, crypto

840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5N2NhMTMtNWUzNS03ZDQ2LTkwYjYtNDEzYzQyYmI2ZDEw-1

Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders.

Key takeaways:

Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns.

Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%.

Read more