The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin fell about 7% to $29,196.10, according to Coin Metrics. Ether was down 8% to $2,160.46. Cryptocurrencies declined with stock futures after the Bureau of Labor Statistics reported consumer prices for the month of April jumped 8.3%, which was slightly higher than expected by economists polled by Dow Jones. That spooked investors, leading them to exit risk assets including crypto. Cryptocurrencies remain highly correlated with equities. Futures tied to ... (full story)