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Bitcoin fell to its lowest level in nearly three months on Friday amid growing expectations of further interest rate hikes and concerns over Strategy’s exclusion from MSCI indexes, dampening investor interest in cryptocurrencies.
The largest cryptocurrency by market capitalization fell 6.3% to $69,101.1 by 06:40 Moscow time, dropping below the $70,000 mark for the first time since mid-August.

A “death cross” pattern has appeared on the Ethereum$ETH chart, while Binance has urged users to convert BUSD into other stablecoins — these and other important cryptocurrency market news in our roundup.
Although Ethereum (ETH) has risen 3.5% this week, a pattern known in technical analysis as a “death cross” is forming on its chart, reports CoinDesk. In technical analysis, a “death cross” forms when the 50-day moving average crosses below the 200-day moving average. This pattern points to a possible decline in the asset’s value.