[CoinDesk] Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
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Bitcoin dropped below $70,000 for the first time since August, touching a 12-week low as a stronger dollar and shifting interest-rate expectations weighed on risk assets. The token was down 3.5% since midnight UTC, and liquidations across crypto derivatives topped $1.6 billion. The move reflects how macro-driven dollar strength is pressuring leveraged crypto positioning. Traders will watch whether BTC can reclaim the $70,000 level and whether liquidation-driven selling eases.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
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Bitcoin (BTC), US dollar
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