Bitcoin Price Crashes Below $70K as Liquidations Top $1.6 Billion

Bitcoin price crashes below the psychologically important $70,000 level for the first time since August, extending a broader crypto market sell-off as a stronger US dollar and rising expectations of another Federal Reserve rate hike weigh on investor sentiment. The decline triggered a wave of forced liquidations across derivatives markets, with more than $1.6 billion in leveraged positions wiped out over 24 hours. Bitcoin (BTC) dropped as low as $67,770 on November 13, its weakest level since August 19, while Ethereum (ETH) briefly reached $1,900, marking its lowest price since…

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