Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates.
Bitcoin finished the work week on an even keel, recouping earlier steep losses to finish unchanged as bullish sentiment offset concern over a widening US crypto enforcement effort and the backdrop of rising interest rates.
US stocks failed to keep up with the European optimism on the back of rising bets that the Federal Reserve (Fed) could hike the interest rates to 6%.
In fact,