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Markets: Bitcoin Slips Back Below US$24,000 as Inflation Worries Resurface in U.S., Equities Slide

Bitcoin and Ether fell Friday morning in Asia, curtailing a strong run-up in the week, after the U.S. January Producer Price Index (PPI), a measure of wholesale inflation, rose much faster than expected to rekindle concerns the Federal Reserve will continue to crank up interest rates. U.S. equities fell overnight as did nine of the top 10 non-stablecoin cryptocurrencies. The exception was Polygon, which announced a new scaling solution for Ethereum. (forkast)

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