Bitcoin briefly drops to $67,500, its lowest since August, as the dollar holds a 19-month high
MARKETSFederal Reservecoinbrief/daily · 1 source
- Severity
- Medium
- Sources
- 1
What happened
Bitcoin briefly fell to about $67,555 before rebounding to roughly $69,800 after a softer-than-expected US producer price report. The break below $70,000 triggered about $1.64 billion in liquidations, and spot bitcoin ETFs have now had six straight days of outflows totalling about $1.49 billion. Traders still price in a quarter-point Federal Reserve hike at the 8-9 December meeting.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Keep an eye on daily spot bitcoin ETF flows, which have been negative for six straight days.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
Bitcoin Magazine
Who and what is in it
Government agencies