Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
Summary
Bitcoin dropped below $70,000 for the first time in three months, falling 3.5% early in the day. The decline coincides with a strengthening US dollar driven by interest-rate expectations. Additionally, market liquidations surpassed $1.6 billion during this downward price movement.
Bitcoin (BTC) fell below $70,000 for the first time since August and is down 3.5% since midnight UTC, as the dollar climbs and liquidations top $1.6 billion.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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