Bitcoin Holds Below $70,000 as US Stocks Fall Despite Cooler Producer Inflation
Bitcoin traded near $68,700 on Friday, down 4% after touching a 12-week low of about $67,500. October US producer prices rose 0.3% monthly and 6.5% annually, both 0.1 percentage points below forecasts. The S&P 500 fell 1.2% and the Nasdaq 1.5%.