Bitcoin Magazine Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High
Bitcoin price traded near $69,800 on Friday morning after briefly crashing to about $67,555 around midnight Eastern, its lowest level since mid-August, according to Bitcoin Magazine Pro data. The rebound held after October producer prices rose less than economists had expected, though the U.S. dollar remained near a 19-month high and traders still fully priced a December Federal Reserve rate hike.
Bitcoin price was trading near $72,800 at this time Thursday. It slipped toward $71,000 by Thursday evening, then gave way late at night, breaking below $70,000 and sliding to that midnight low. The move also pushed the bitcoin price below its 200-week moving average , a long-term trend line near $68,000. Buyers lifted it back above $69,000 before sunrise, and the rebound extended toward $69,800 after the producer-price report.
Source: Bitcoin Magazine
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