Live news: Bitcoin loses 16% in a month as oil rebounds and tech futures dip
US spot Bitcoin ETFs saw $299.8 million in withdrawals on Nov. 11 as leveraged traders faced more than $1.23 billion in liquidations, CoinGlass data showed.
- Bitcoin fell to $68,750 early Friday, November 13, 2026, after exchanges liquidated approximately $1.23 billion in leveraged positions over 24 hours, with Bitcoin accounting for roughly $677.5 million.
- Institutional outflows from US spot Bitcoin exchange-traded funds coincided with rising Treasury yields and a stronger US dollar, while Iran's Islamic Revolutionary Guard Corps claimed it attacked a U.S. radar in Bahrain early Friday.
- Nvidia CEO Jensen Huang's resignation added pressure to technology stocks, while BlackRock's iShares Bitcoin Trust recorded more than $2 billion in net outflows across nine consecutive trading sessions through Wednesday.
- Long positions accounted for more than 96% of Bitcoin's liquidations, showing traders expecting price recovery suffered severe losses. The Crypto Fear & Greed Index fell to 20 on Friday, its lowest reading in more than four months.
- Despite the correction, crypto analyst Doctor Profit maintained a bullish outlook in a Friday post, arguing Bitcoin's drop had not erased its recovery from $60,000 lows. Major support levels remain scattered toward $70,000 and the 200-week SMA around $68,013.
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<p>Bitcoin fell below $70,000 for the first time since August amid inflation fears Bitcoin fell to $67,628, losing up to 9% in two days. Outflows from Bitcoin ETFs in the United States exceeded $2.5 billion</p>.
One of the reasons was fears of inflation and further decisions by the US Federal Reserve.
Concerns about rising inflation and thus higher interest rates have exacerbated the latest price slip of Bitcoin on Friday. The oldest and best-known cryptocurrency on the Bitstamp trading platform for the first time since August fell under the round mark of 70,000 US dollars. Most recently the Bitcoin recorded at a good 68,700 dollars (61,998 euros).
Investors are more cautious about the economic uncertainties in the United States, which weighs heavily on cryptocurrency markets. ...
The fear of further interest rate hikes in the United States unsettles investors. Bitcoin prices are clearly declining. Nvidia's change of management is also burdening the market.
Reformatorisch Dagblad
Bitcoin fell further in value on Friday and was worth less than $70,000 for the first time since August, equivalent to nearly €63,000. The world's largest digital currency and other cryptocurrencies are declining due to concerns about US inflation and higher interest rates.
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