Bitcoin tumbled by 7.4% to $67,712 in Friday's trading session after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates. This downturn was also compounded by profit-taking in the largest cryptocurrency by value.
Meanwhile, Ethereum, the second largest crypto token, also plunged over 7% to $3,685. The global cryptocurrency market cap declined 6.15% to around $2.6 trillion in the last 24 hours.
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