Is the “Perfect Storm” Here? Liquidations Explode as Bitcoin Bleeds Below $70K & DXY Rises

The post Is the “Perfect Storm” Here? Liquidations Explode as Bitcoin Bleeds Below $70K & DXY Rises appeared first on Coinpedia Fintech News Recently, the shift toward a “risk-off” sentiment is largely driven by a more hawkish U.S. Federal Reserve, with the potential for higher-for-longer interest rates strengthening the U.S. Dollar. As a result, the dollar gains strength from $95.56 to $97.80 when writing. Since DXY rose, capital has typically exited speculative assets like Bitcoin and Ethereum and …