Bitcoin experienced significant volatility following the release of hotter-than-expected U.S. inflation data, leading to a sharp decline in its price. After reaching a record high above $73,800, Bitcoin's price fell, briefly dipping below $70,000, and then further dropping below $69,000. The cryptocurrency market saw a widespread slump, with Bitcoin's price last recorded at $67,456, marking a 4.6% decrease, and at one point was down 5.5% at $69,154. Ethereum also faced a downturn, with its price dropping 5.3% to $3,637.4. The fluctuations in Bitcoin's price come amid debates on whether the current bull run in cryptocurrencies indicates speculative froth in global markets.