Bitcoin slips 4% below $70K mark as broader crypto market faces heavy liquidations
Bitcoin’s sell-off accelerated early Friday as the U.S. dollar strengthened to its highest level since April 2025. The cryptocurrency fell to $69,000, its lowest level since August 19, according to CoinDesk data. Prices have declined 17% this quarter, reversing much of the previous quarter’s gains. The broader cryptocurrency market also came under pressure. Ether fell below $2,000 for the first time since August, while XRP hovered near $1 and Solana dropped below $80. Smaller tokens, including GT, Stacks, and XMR, declined by 7% or more. Crypto futures bets worth more than $1.3 billion were liquidated by exchanges over 24 hours, according to data source Coinglass. Of these, bitcoin alone accounted for $677 million.Crypto-linked stocks Coinbase Global , Riot Platforms , Hut 8 , MARA Holdings , Hive Digital , Circle Internet , Strategy , and Robinhood all ended in the red on Thursday.The odds that the Federal Reserve will raise interest rates by half a percentage point in December have increased after a hotter-than-expected U.S. consumer price index reading for October released early this week. Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.