Bitcoin's price is experiencing a significant decline of 7.15% today, primarily driven by a combination of factors including a third consecutive session of market decline, testing lows around $70,000, and significant ETF outflows totaling over $373 million from BlackRock. The bearish sentiment is further exacerbated by expectations of a hawkish Federal Reserve policy and rising U.S. Dollar Index, contributing to increased selling pressure and liquidations in the market.
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