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Circle Sinks 12%, Coinbase and Strategy Tumble 10% as Bitcoin Slide Hits Crypto Stocks

  • Bitcoin fell below $70,000 on Friday, November 13, 2026, marking a significant retreat from post-election highs as heavy liquidations and persistent ETF withdrawals intensified selling pressure across cryptocurrency markets.
  • U.S. spot Bitcoin ETFs recorded approximately $1.44 billion in net outflows across five sessions through November 11, according to SoSoValue figures, while renewed tech stock volatility following Nvidia CEO Jensen Huang's resignation further dampened investor sentiment.
  • CoinGlass liquidation data shows approximately $1.23 billion in leveraged positions were liquidated over 24 hours, with long positions accounting for 88.2% of total forced closures affecting more than 151,000 traders.
  • Xapo Bank CEO Seamus Rocca attributed selling to investors freeing up capital for Anthropic's $1.4 trillion IPO listing scheduled for November 19 under ticker ANT on Nasdaq.
  • Doctor Profit maintains a bullish outlook despite the decline, though analysts warn a breakdown below $68,000 could signal deeper correction as legislative uncertainty continues weighing on institutional demand.
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MyCryptoParadise broke the news on Tuesday, November 3, 2026.
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