Assuming that both cyclists are traveling AWAY from each other with the same starting point, consider the following:
Let us denote the speed of the first bicyclist by

(measured in miles per hour). Then, the speed of the second bicyclist must be

(miles per hour).
To verify this, assign an arbitrary number, say 17 mph, to the first bicyclist. Since the first bicyclist is always 5 mph faster than the second, we must have 17 - 5 = 12 mph as the second speed.
At the 0th hour,
- first bicyclist has traveled 0 miles
- second bicyclist has traveled 0 miles
- distance between both = 0 miles
At the 1st hour,
- first bicyclist has traveled

miles
- second bicyclist has traveled

miles
(note the negative sign here. Since they are traveling in opposite directions, they must have opposite signs of each other in distances traveled)
- distance between both =

=

=

miles
At the second hour,
- first bicyclist has traveled

miles
- second bicyclist has traveled

miles
- distance between both =

miles
According to the question statement, both of them are 70 miles apart at the second hour, i.e.
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such that solving this gives:

mph
Therefore, their rates are as follows:
- first bicyclist =
20 mph
- second bicyclist =
20 - 5 =
15 mph