Bitcoin Drops Below $66.5K as Strong Dollar and US Growth Data Dampen Crypto Appeal

Bitcoin fell below $66,500 as the dollar index rose above 105 for the first time since November amid upbeat US manufacturing data
The data showed unexpected growth in US factory activity in March, reducing expectations for Fed rate cuts
Broader crypto market saw significant losses, with ETH, SOL, and DOGE down alongside Bitcoin’s 4% drop
Sustained dollar strength makes bitcoin less appealing by making it more expensive for foreign investors
Bitcoin may remain volatile with upcoming jobs data and mining reward halving later this month