Bitcoin price has fallen below $70,000 for the first time since August, dropping more than 6% as a stronger US dollar, renewed technology stock selling and over $1.2 billion in crypto liquidations weighed on the market.
Summary
- Bitcoin price fell below $70,000 as the US dollar approached its highest level since 2025.
- Nvidia CEO Jensen Huang’s resignation coincided with renewed selling across technology stocks and cryptocurrency markets.
- Bitcoin traders suffered approximately $677 million in liquidations, with long positions accounting for most losses.
- US spot Bitcoin ETFs recorded $299.8 million in withdrawals on November 11, led by BlackRock.
