Business · Markets · 2 hrs ago
Bitcoin falls below $70,000 for first time since August
Bitcoin fell below $70,000 for the first time since August on Friday as a wave of selling hit cryptocurrency markets.
The decline came as investors pulled back from riskier assets, including technology shares and cryptocurrencies.
US inflation and possible interest-rate increases added to concerns that borrowing costs could stay high.
Bitcoin had also recorded six straight weeks of losses, while crypto investment funds saw significant withdrawals.
The market’s fear-and-greed index fell into extreme fear territory, showing a sharp deterioration in investor confidence.
These developments matter because large sell-offs can force leveraged traders to close positions and add to downward pressure.
Bitcoin fell below $70,000 on November 13, its first drop below that level since August.
The cryptocurrency reached an intraday low of $67,757, according to WirtschaftsWoche.
Later prices varied across reports: TASS recorded Bitcoin at $69,900 early in the day, while CNN Brasil reported $68,888.83 at about 16:50 Brasília time.
Reports linked the sell-off to weaker risk appetite, technology-stock losses, US interest-rate concerns and Nvidia-related turbulence.
CNN Brasil reported that Bitcoin had recorded six consecutive weeks of weekly losses.
- Who
- Bitcoin investors and cryptocurrency markets.
- What
- Bitcoin fell below $70,000 for the first time since August, amid a broader sell-off.
- When
- November 13, 2026.
- Where
- Cryptocurrency markets; the sources cite prices from Binance, Coinbase and TradingView.
- Why
- Reports cited weaker risk appetite, technology-stock declines, US interest-rate concerns, Nvidia-related turbulence and outflows from crypto ETFs.
This story does not have two clearly opposing sides.
TASS reported Bitcoin at $69,900 at 5:52 a.m. Moscow time, after it fell below $70,000.
TASS reported that Bitcoin had recovered to $70,271.
CNN Brasil reported Bitcoin down 3.60% at $68,888.83 on Coinbase.
- Threshold
- Bitcoin fell below $70,000
- Intraday low
- $67,757, according to WirtschaftsWoche
- TASS price
- $69,900 at 5:52 a.m. Moscow time
- CNN Brasil price
- $68,888.83 at about 16:50 Brasília time
- Weekly losses
- Bitcoin recorded its sixth consecutive week of losses, according to CNN Brasil
9 sources
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