Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
AI summary
Bitcoin dropped below $70,000 for the first time since August, falling 3.5% since midnight UTC as the dollar strengthened on shifting interest-rate expectations. Liquidations across crypto derivatives topped $1.6 billion, amplifying the sell-off. Traders should watch dollar strength and rate outlook as near-term drivers, with forced deleveraging raising the risk of further volatility.
