Bitcoin price crashes below $70K as crypto liquidations hit $1.2B

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. 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.