Live news: Bitcoin drops below 200-week moving average as dollar strength pressures risk assets
Bitcoin fell to a low of $67,652 on Friday, dropping more than 3.5% over the past 24 hours and 16% over the past month as it slipped below its 200-week moving average of around $68,000.
The retreat in Bitcoin and other risk assets follows a broader market shift driven by a strengthening U.S. dollar and rising global bond yields.
The U.S. Dollar Index climbed above 103, while the U.S. 10-year Treasury yield reached 5.125% and the 30-year yield hit 5.459%.
Higher yields in the U.K., France, Germany and Japan are also reducing the appeal of riskier investments.
Commodities and tech futures
Gold is trading just below $3,900 an ounce as it attempts to recover towards $4,000, while tech futures also declined.
Oil rebounded from recent declines, with WTI crude trading at $89 a barrel and Brent above $96.
The DRAM memory ETF and VanEck Semiconductor ETF are also lower on Friday.
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