Bitcoin has fallen below US$74,000 as hotter-than-expected US inflation revived fears of another Federal Reserve rate hike and triggered a broad sell-off across cryptocurrency markets.

Bitcoin was trading around US$73,900, down about 2% over the latest session, after breaking below the US$73,000 support level during volatile trade.

Ethereum fell to around US$2,060-US$2,070, while Solana dropped to about US$83. XRP was also weaker, trading near US$1.06-US$1.07.

Hot inflation hits risk assets

The latest sell-off followed stronger-than-expected US…