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Bitcoin Drops Below $68,000 as $1.65 Billion in Liquidations and ETF Outflows Weigh on Market

Bitcoin fell below $68,000 on Friday, its lowest level since August 19, before rebounding near $70,000. CoinGlass data showed $1.65 billion in crypto liquidations over 24 hours. The Crypto Fear & Greed Index dropped to 20, signaling fear. U.S. spot Bitcoin ETFs have seen $1.56 billion in net outflows year to date, while a stronger dollar and rate-hike expectations added pressure.
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