Bitcoin fell below $70,000 early on Friday, November 13, for the first time since August, crypto.news reported. The article put the price near $68,750, with a low of about $68,500 on Binance. It said the price was down more than 6% over 24 hours and about 45% below its October 2025 record of $126,198.
The slide followed a weaker Thursday. The Block reported that bitcoin touched $71,200 on November 12, its lowest level in nearly 12 weeks, while Bitcoin Magazine put the session low near $71,000 at about 6:23 p.m. ET, the weakest since August 20.
Coinglass data cited by crypto.news showed about $1.23 billion of crypto positions liquidated over 24 hours, hitting more than 151,000 traders. Bitcoin accounted for about $677.5 million, of which roughly $653.5 million were longs, more than 96% of the total. The largest single bitcoin liquidation was $31.09 million on Hyperliquid. A day earlier, The Block, also citing Coinglass, had counted more than $750 million in liquidations.
Bitcoin Magazine said the 10-year Treasury yield rose about 12 basis points to 5.105% on Thursday, and that fed funds futures priced about 29 basis points of hikes in December. Crypto.news noted that the Dollar Index rose above 103, its highest in about 19 months, and cited the Nvidia CEO resignation as a driver of the tech selloff. Wintermute OTC trader Jasper De Maere told The Block the firm saw no large buyers at current prices.
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Sources:
crypto.news: Bitcoin price crashes below $70K as crypto liquidations hit $1.2B
The Block: Bitcoin falls to 12-week low as Jensen Huang’s exit from Nvidia rattles markets
Bitcoin Magazine: Bitcoin Price Slips To $71,000, Lowest Since Late August
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