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Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion

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CoinDesk
By Oliver Knight
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Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
Photo / Coverage: CoinDeskCredit: Oliver Knight
EXECUTIVE SUMMARY

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.

Key Takeaways

  • Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion.
  • 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.
  • 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.

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.

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