📉 Bitcoin breaks below $70,000 as the dollar hits a 19-month high
Bitcoin slid to around $69,000 early Friday, its lowest level since Aug. 19, and is now down about 17% this quarter. Ether fell below $2,000 for the first time since August, while SOL dropped under $80 and XRP hovered near $1.
The US Dollar Index climbed above 103, its highest since April 2025, as a hot October CPI print lifted bets on a Fed rate hike in December. Reports of renewed Middle East escalation added to the pressure.
More than $1.3 billion in crypto futures positions were liquidated over 24 hours, including $677 million in bitcoin, with nearly $500 million wiped out just as BTC lost $70,000.
⭐ Losing the $70K level amid a strong dollar and rising rate-hike odds shows how sensitive crypto remains to macro liquidity, and the wave of forced selling signals the market was heavily leveraged to the long side.
#Bitcoin #BTC #ETH #Crypto #Liquidations
Bitcoin slid to around $69,000 early Friday, its lowest level since Aug. 19, and is now down about 17% this quarter. Ether fell below $2,000 for the first time since August, while SOL dropped under $80 and XRP hovered near $1.
The US Dollar Index climbed above 103, its highest since April 2025, as a hot October CPI print lifted bets on a Fed rate hike in December. Reports of renewed Middle East escalation added to the pressure.
More than $1.3 billion in crypto futures positions were liquidated over 24 hours, including $677 million in bitcoin, with nearly $500 million wiped out just as BTC lost $70,000.
⭐ Losing the $70K level amid a strong dollar and rising rate-hike odds shows how sensitive crypto remains to macro liquidity, and the wave of forced selling signals the market was heavily leveraged to the long side.
#Bitcoin #BTC #ETH #Crypto #Liquidations
