Bitcoin slips under $70,000 as strong dollar and futures liquidations hit crypto
Bitcoin fell below $70,000 and ether dropped under $2,000 in an early Friday selloff. Large liquidations in the futures market added to the pressure. The Dollar Index hit a 19-month high, a move that may make risk assets like crypto harder to hold for traders.
Why it matters
- Bitcoin fell below $70,000 and ether traded under $2,000 early Friday.
- Large futures liquidations mean leveraged positions were forced to close.
- The Dollar Index reached a 19-month high, a macro factor traders should track.
What to watch next
Watch whether bitcoin can hold above $70,000 and whether the Dollar Index keeps rising.
