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Bitcoin Implodes to $69,000, Ethereum, XRP Down on ETF Outflows, Nvidia Turmoil
benzinga_article·- Bitcoin dropped to $69,000 alongside declines in Ethereum and XRP due to converging macroeconomic, geopolitical, and crypto-specific pressures. - The market downturn was compounded by a stronger US Dollar Index, escalating geopolitical tensions, Nvidia CEO Jensen Huang's resignation, and MSCI's decision to remove Strategy from its global indexes. - Additional downward pressure stemmed from $1.44 billion in outflows from US spot Bitcoin ETFs over five sessions and political shifts threatening the CLARITY Act's legislative future.
