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via coindesk.comMarkets

Bitcoin hits 12-week low below $70,000 as dollar rallies on rate outlook

FROM THE WIRE · COINDESK.COM

Bitcoin (BTC) fell below $70,000 for the first time since August and is down 3.5% since midnight UTC, as the dollar climbs and liquidations top $1.6 billion.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA stronger dollar and over $1.6 billion in liquidations weigh on the crypto market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bitcoin fell below $70,000 for the first time since August.
  2. 02It is down 3.5% since midnight UTC.
  3. 03Liquidations top $1.6 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto69,395.54 USD-0.04%today -2.73%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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