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Live news: Bitcoin drops below 200-week moving average as dollar strength pressures risk assets

By CoinDesk

09:17 UTC — Bitcoin drops below 200-week moving average

Bitcoin fell as low as $67,652, down more than 3.5% over the past 24 hours and 16% over the past month, slipping below its 200-week moving average of around $68,000.

Gold is trading just below $3,900 an ounce as it attempts to recover towards $4,000, while tech futures also declined. The U.S. Dollar Index (DXY) climbed above 103.

Global bond yields are also rising, with the U.S. 10-year Treasury yield at 5.125% and the 30-year at 5.459%. Yields in the U.K., France, Germany and Japan are higher too, reducing the attractiveness of riskier assets.

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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