Bitcoin declined after setting a record high for the fifth time in seven days, dropping below $70,000, with investors pulling back from riskier assets across financial markets. The oldest cryptocurrency fell as much as 6.3% to $68,549, after earlier climbing to an all-time high of $73,797. Other tokens such as Ether, Avalanche and Litecoin also fell. Treasury yields rose and US stocks fell after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. Lower interest rates tend to raise the appeal of cryptocurrencies. ... (full story)