Bitcoin Hits 12-Week Low Amid Rate Fears

Bitcoin fell to around $68,500 on Friday, its lowest level in 12 weeks, erasing much of its late-summer recovery. Futures markets expect a December Fed rate hike, with a 91.9% probability of a quarter-point increase. U.S. spot Bitcoin ETFs registered net outflows totaling approximately $1.49 billion between November 5 and November 12.