Bitcoin briefly drops to $67,500, its lowest since August, as the dollar holds a 19-month high

BTC dipped to about $67,555 around midnight ET, below the 200-week moving average near $68,000, before recovering above $69,000 and trading near $69,800. The Dollar Index held above 103 after reaching its highest since April 2025, and two-year yields were on track for their worst week since 2024. Spot ETFs logged six straight days of outflows, about $1.49 billion in total, with IBIT alone losing roughly $2 billion over nine sessions, and perpetual funding turned negative. Order-book depth fell to $72 million, about 33% below normal. Traders price an 88% chance of a 25bp hike at the 8-9 December FOMC meeting.

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