Bitcoin price news: BTC slides to $65,000, Solana, XRP, dogecoin down 6%

Bitcoin fell to $65,735 in early Saturday Asian hours, declining 3% over the past day and erasing most of its rally toward $70,000 from earlier in the week. This pullback was driven by deteriorating broader risk sentiment, fueled by a hotter-than-expected 0.5% jump in U.S. producer prices, which signaled persistent inflation and delayed expectations for Fed rate cuts. Equities also fell, with the S&P 500 dropping 0.4% and Nvidia shedding another 4.2% after its earnings report. Altcoins experienced amplified losses, with Solana down 6.7%, Ether down 6.2%, Dogecoin down 5.1%, and XRP down 4%. Despite strong institutional inflows into U.S. spot bitcoin ETFs this week, these macro headwinds proved stronger. Analysts note that while volatility is expected, the type of capital supporting the asset class is changing. Bitcoin is now back within the $60,000-$70,000 range it has been trading in since the February 5 crash, with the key question being whether the lower bound of that range will hold heading into March.

(Source：CoinDesk)