Bitcoin' rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks

Between credit stress concerns, a hot PPI inflation reading, and tensions between U.S. and Iran, investors have plenty of reasons to stay away from risk assets. What to know : Bitcoin slid back below $66,000, erasing most of its midweek gains as major cryptocurrencies and crypto-related stocks fell alongside a broader risk-off move in markets. Hotter-than-expected January U.S. producer price inflation pushed expectations further back for interest rate cuts, while widening credit spreads and sharp declines in private-equity firms point to mounting worries about credit stress.