BTC breaks below 200-week average as dollar rips to $67,652

Bitcoin fell to $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 roughly $68,000.

Why it matters

The macro backdrop is doing the damage. The U.S. Dollar Index climbed above 103 while the 10-year Treasury yield sits at 5.125% and the 30-year at 5.459%. Bond yields are also rising in the U.K., France, Germany and Japan, which compresses the appeal of every risk asset at once. Gold is trading just below $3,900 an ounce as it attempts to recover toward $4,000, a sign capital is favoring the traditional haven over crypto.

Market impact

The selloff is broad rather than Bitcoin-specific. WTI crude rebounded to $89 a barrel with Brent above $96, while the DRAM memory ETF and VanEck Semiconductor ETF are both lower on Friday, and tech futures declined. For BTC, the 200-week moving average has historically served as a long-cycle support reference, so how price behaves around it as dollar strength persists is the key level traders will watch next.