Bitcoin Drops 5.6% Amid Liquidation

Bitcoin slipped 5.6% to trade just over $69,300, hitting a 24-hour low of $67,922, its lowest level since mid-August. Analysts attribute the decline to concentrated liquidation of leveraged long positions and weakening demand across ETFs, stablecoins, and treasury firms following a hotter-than-expected CPI report and Nvidia CEO Jensen Huang's resignation.