Bitcoin Price Plunges Below $67,000, Triggering $426 Million in Crypto Liquidations

Bitcoin's price fell below $67,000, leading to a 4.6% drop on the day and a 6% drop on the week, causing the wider crypto market to lose 5.2% of its total market cap. Over $426 million was liquidated in the past 24 hours, with Ethereum and other top cryptocurrencies also experiencing significant losses. The price dip coincides with the U.S. dollar index reaching a yearly high and heightened volatility ahead of April's Bitcoin halving, with some analysts suggesting a "crisis of faith" among traders. Despite this, a new report from Coinbase predicts a positive Q2 for the crypto market due to increased institutional interest following the approval of Bitcoin ETFs.