**Bitcoin Dips Amid Market Uncertainty and Stronger US Dollar**

Bitcoin's price took a hit, dropping to $66,569 on July 22, just before the anticipated launch of spot Ethereum ETFs in the US. The cryptocurrency struggled to maintain its bullish momentum above $68,000, facing pressure from a strengthening US dollar and political developments.

**Key Factors:**

- **US Dollar Recovery:** The US Dollar Index (DXY) rose 0.7% from its July 17 low, potentially impacting Bitcoin and other cryptocurrencies.

- **Political Uncertainty:** President Biden's withdrawal from the presidential race and endorsement of Kamala Harris added volatility, with markets reacting to the news.

- **Profit-Taking:** Traders appear to be booking profits ahead of key events, including Donald Trump's speech at the Bitcoin Conference.

**Market Movements:**

- Over $7.16 million in BTC long positions were liquidated in the last 12 hours.

- Increased Bitcoin inflows to exchanges suggest heightened selling pressure.

Investors should stay cautious as market volatility continues.