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Bitcoin falls below $70,000 for the first time since August

It was at $69,172, down 4.64% as of Nov 13, 8:14 AM ET. Dow Jones Newswires said it is on track for a sixth weekly loss.

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Why it matters: Spot bitcoin ETFs have seen more than $2.5 billion in net outflows from Oct. 30 to Nov. 11, and markets are pricing in more Federal Reserve rate increases.

For information only, not investment advice. Prices delayed.

Tickers: BTC, ETH

Bitcoin slipped to $69,172, below $70,000
Sainteur chart · Data: Bitcoin price as of Nov 13, 8:14 AM ET

Bitcoin ($BTC) was at $69,172, down 4.64% as of Nov 13, 8:14 AM ET. It is on track for a sixth weekly loss, Dow Jones Newswires said.1 Ether ($ETH) also fell below $2,000 for the first time since August.2

Markets are pricing in more Federal Reserve rate increases after October's consumer price index, excluding food and energy, rose 0.3% from a month earlier, with overall prices up 0.4%.3 The Dollar Index has traded above 103, its highest since April 2025.2

U.S.-listed spot bitcoin ETFs had more than $2.5 billion in net outflows from Oct. 30 to Nov. 11.3 Exchanges liquidated more than $1.3 billion in crypto futures over 24 hours, including $677 million in bitcoin, CoinDesk said.2

Sources

  1. Bitcoin Slides Past $70,000 as Risk-Off Mood Pressures Crypto, Dow Jones Newswires
  2. Bitcoin dips below $70,000 as selloff gathers pace, CoinDesk
  3. Bitcoin Price Slide Below $70,000 As Inflation Concerns Hurt Crypto, Bloomberg

Tags: bitcoin · ethereum · crypto-etf · markets-moves · interest-rates · inflation · fed

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