Bitcoin fell below $70,000 to a 12-week low as traders anticipated a Federal Reserve interest-rate increase next month. Bitcoin reached $67,770, while ether dropped to $1,900. CoinGlass data showed $1.64 billion in crypto liquidations over 24 hours, with long positions accounting for 88.7%. The CME FedWatch tool showed an 88% probability of a 25-basis-point rate increase after inflation exceeded expectations this week. Farside Investors reported around $1.88 billion in outflows from U.S. spot bitcoin exchange-traded funds since the month began.