Bitcoin plunges below $70,000 as crypto liquidations top $1.6 billion
Bitcoin fell to a 12-week low on November 13, 2026, breaking below $70,000 and triggering over $1.6 billion in crypto market liquidations amid rising bond yields, dollar strength, and tech sector jitters.
Bitcoin dropped below the key $70,000 mark on November 13, 2026, sliding to around $68,000 and touching a low of $67,555 on Coinbase. The move marked Bitcoin's lowest price level since August, erasing much of its late-summer rally as aggressive selling gathered momentum across digital asset markets.[10][9][1][8][11]
The price collapse sparked massive liquidations in leveraged derivatives. Data from CoinGlass cited by Unchained and CoinDesk showed over $1.6 billion in crypto positions liquidated within 24 hours, with long bets accounting for nearly 89% of the total wipeout. Major altcoins tumbled alongside Bitcoin: Ethereum dropped below $1,900, Solana fell under $80, and BNB and XRP posted steep daily declines.[9][8][4][6][2][5]
Analysts and reporting outlets attributed the sharp selloff to a cluster of macroeconomic pressures and equity volatility. October inflation data fueled expectations of further Federal Reserve interest rate hikes, lifting the 10-year Treasury yield to 5.10% and driving the U.S. dollar index above 103. Selling pressure was intensified by heavy spot Bitcoin ETF redemptions and broader tech-sector turmoil following the resignation of Nvidia CEO Jensen Huang.[9][8][14][12][13][3]
Key facts
- Bitcoin fell below $70,000 on November 13, 2026, reaching a 12-week low of $67,555 on Coinbase.
- CoinGlass recorded over $1.6 billion in crypto liquidations over a 24-hour period, with approximately 88.9% coming from long positions.
- Ethereum declined below $1,900 and Solana fell under $80 as the wider market slumped.
- U.S. spot Bitcoin ETFs registered $1.88 billion in net outflows in November through November 11.
- The 10-year Treasury yield rose to 5.10% and the U.S. dollar index crossed above 103, creating headwinds for risk assets.
- Market reports linked part of the risk-off selloff to technology sector jitters following Jensen Huang's exit from Nvidia.
Sources · 12 sources
- CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN HITS $68,000, LOWEST LEVEL IN THREE MONTHS! bitcoin:native slides to $68,000, its lowest price since August and a 4.7% drop on the day. The move extends a multi-week decline that has wiped out gains from earlier in the fall as selling pressure builds across risk assets.
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
🚨JUST IN: Bitcoin hits $68K as selling accelerates, with $1.3B in crypto longs liquidated in 24 hours. $SOL falls below $80. $Zcash falls below $900, posting the largest 24-hour decline among the top 10 coins by market cap. https://t.co/PeqxTFVlCp
Open source - CO
CoinDesk@CoinDeskPost on X ·
DATA: $BTC slides to $68K, its lowest since August, as hot inflation data pushes Fed rate hike odds to 88% and Nvidia CEO Jensen Huang’s resignation sends tech stocks lower, triggering $1.64B in liquidations with $BTC ETFs seeing a sixth straight day of outflows. https://t.co/KzRu5M58xp
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BLOODBATH IN CRYPTO: Bitcoin nukes below $68,000 and Ethereum falls below $1,900 for the first time in 3 months. Bitcoin crashes nearly -10% in less than 48 hours wiping out nearly $200,000,000,000 from the Total Crypto Market cap. https://t.co/ajGRQwepio
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin fell 6.7% to $68,803, its lowest level since Aug. 20. Ether dropped 5.8% to trade at $1,934. bitcoin:native ethereum:native BNB slid 6.4%, while XRP lost 3.7%. binancecoin:native https://t.co/1cU6qbyUBa
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: $500,000,000 liquidated from the crypto market in the past hour. $BTC falls under $69,000 $ETH falls under $1,950 $XRP falls under $1.01 $SOL falls under $80 https://t.co/7ziWkyNQkc
Open source - PM
Polymarket Money@PolymarketMoneyPost on X ·
BREAKING: $1,640,000,000.00 in crypto positions liquidated in 24 hours as Bitcoin hits a three-month low. Go long or short Bitcoin on Polymarket Perps: 🔗 https://t.co/3N34Lk6tag https://t.co/AV0CbtsmYd
Open source - CO
CoindeskArticle ·
Bitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion Bitcoin (BTC) fell below $70,000 for the first time since August and is down 3.5% since midnight UTC, as the dollar climbs and liquidations top $1.6 billion.
Open source - UN
UnchainedArticle ·
Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs Bitcoin (BTC) fell below $70,000 late Thursday in the U.S. and kept sliding past midnight, touching $67,555 on Coinbase as forced selling swept through leveraged crypto positions. The first trade under $70,000 on Coinbase’s BTC-USD market came in the hour after 9 p.m. ET Thursday (02:00 UTC Friday), and the following hour closed below that level, according to Coinbase hourly price data. The low came in the hour starting at midnight ET. At 3:18 a.m. ET, bitcoin traded at $68,624 , down 6.7% over 24 hours and 9.4% over seven days, per CoinGecko data . That is about 15% below the roughly $80,760 it traded at on the afternoon of Oct. 29. Other major tokens also fell. Ether (ETH) dropped 5.7% in 24 hours to $1,931 and is down 13.1% on the week. Solana (SOL) lost 3.7% to $79.76, dogecoin (DOGE) about 4% and XRP 1.5%. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Longs Take the Hit About $1.65 billion in leveraged positions were liquidated in the 24 hours to roughly 3:10 a.m. ET, CoinGlass data showed , and 88.9% of that came from traders betting on higher prices. $1.07 billion of the total hit in the last 12 hours of that window, which covers the U.S. evening and the break below $70,000. Bitcoin positions made up $918.66 million of the 24-hour total and ether $287.68 million. One bitcoin long on the decentralized derivatives exchange Hyperliquid accounted for $31.09 million on its own. Rates, Inflation and the AI Trade James Butterfill, head of research at CoinShares, told Unchained that bitcoin is being hit as investors rethink their AI and tech bets, with hotter inflation and the prospect of more Fed rate increases adding to the strain. “Bitcoin does not need a direct economic connection to AI to suffer when investors reduce risk across their portfolios,” he said, noting that fund withdrawals and leverage were amplifying the pressure. Two weeks earlier, with bitcoin near $80,000, Galaxy head of firm-wide research Alex Thorn said on Unchained that bitcoin’s holder base had become less sensitive to AI jitters. “People ask why Bitcoin’s been so resilient around 80 while everybody has a wall of worry meltdown about the AI trade the last month,” he said, arguing that “none of the people freaking out about AI own Bitcoin.” The rate backdrop has tightened. The Consumer Price Index (CPI) rose 0.4% in October and core CPI, which excludes food and energy, 0.3%, data that knocked bitcoin back below $74,000 on Tuesday. The Fed held its target range at 3.75% to 4% on Oct. 28, with two officials dissenting in favor of a hike, after raising rates in September. The 10-year Treasury yield reached 5.10% on Thursday, up from 4.88% on Monday. What Investors Are Watching CoinShares’ base case has been a $70,000-to-$90,000 band for bitcoin into 2027. “The move below US$70,000 puts the lower end of that view under pressure, and we should not assume it represents a hard floor,” Butterfill told Unchained. He said a lasting move above $90,000 would likely need expectations of easier monetary policy, renewed buying by large holders, or both. Butterfill is watching inflation, the Fed’s expected path, flows into exchange-traded products (ETPs), and whether buying comes from the spot market or new leverage. U.S. spot bitcoin ETFs saw net outflows of $299.9 million on Wednesday, Nov. 11, and $1.88 billion in November through that day, according to SoSoValue data . “A short squeeze can lift prices quickly, but a durable recovery needs buyers willing to commit fresh capital,” he said. He also flagged oil and Iran as risks to the inflation outlook. West Texas Intermediate (WTI) crude has fallen, from $107.56 a barrel on Oct. 30 to $89.62 on Nov. 10, according to U.S. Energy Information Administration data . October producer price data is due at 8:30 a.m. ET Friday. Nvidia, whose CEO Jensen Huang resigned effective immediately on Thursday, reports quarterly results on Nov. 17. The Fed’s next rate decision is scheduled for Dec. 9, a day before November CPI. Related Listen: How the 50-Week Moving Average Signals Bitcoin’s Bear Market Is Over The post Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs appeared first on Unchained .
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
BREAKING: Bitcoin falls under $70,000 https://t.co/A4RsXEOUXq
Open source - DE
Decrypt@DecryptMediaPost on X ·
$BTC Sinks Below Its 2021 Peak to Lowest Price Since August. Bitcoin hit $67,555 on Coinbase at 12:55 AM EST Friday, its lowest since Aug. 19 and below its November 2021 high of $69,000, while $ETH slipped under $1,900. https://t.co/NhVFQNmMWP
Open source - TB
The BlockArticle ·
Bitcoin tumbles below $69,000 as Nvidia turmoil adds to Fed-driven market jitters A total of $798 million in crypto positions has been liquidated over the past four hours, including $718.5 million in long positions.
Open source - TB
The BlockArticle ·
Bitcoin falls to 12-week low, Strategy and Metaplanet to lose MSCI index membership, and more In today's newsletter, bitcoin falls to 12-week low as Jensen Huang's exit from Nvidia rattles markets; Strategy, Metaplanet to lose MSCI index membership on Nov. 30; and more.
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Bitcoin has just fallen below $70,000 for the first time since August. ETH has also dropped below $2,000. More than $1.3 BILLION in crypto futures positions have been liquidated over the past 24 hours, including $677M in BTC alone. The dollar index is now above 103, its highest level since April 2025, adding another headwind for risk assets. This is getting ugly. We want to see actual spot buying come back before getting too aggressive with dip buying. A leverage flush alone doesn't guarantee a bottom.
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