Sharp Sell-Off Hits Crypto Market as Bitcoin Drops Below $69,000

16:00 - 13.11.2026


November 13, Fineko/abcnews. Amid intensifying selling pressure in the cryptocurrency market, Bitcoin fell 6.5% over the past 24 hours to $68,700, while Ethereum dropped 5.8% to $1,922, pushing both assets to their lowest levels since August.

According to CoinMarketCap, roughly $130 billion was wiped off the market in a single day, bringing total crypto market capitalization down from $2.43 trillion to $2.30 trillion.

The sell-off was fueled by expectations of a potential December Fed rate hike following higher-than-expected US October inflation (0.4% month-on-month), alongside $1.44 billion in Bitcoin ETF outflows and over $1.3 billion in leveraged liquidations.