Bitcoin falls below $70,000 to a 12-week low as yields, dollar and Nvidia news weigh

Summary

Bitcoin dropped below $70,000 on November 13, 2026, reaching its lowest level since August. Rising Treasury yields, a stronger US dollar and concerns about higher interest rates led investors to pull back from risky assets. Reports also cited Nvidia's leadership change and heavy liquidations of leveraged trades. At around 07:10 UTC, CoinGecko put Bitcoin at roughly $69,135, down 5.88% over 24 hours.

What happened

The selloff accelerated in the early hours of Friday. CoinDesk said its data showed Bitcoin falling to $69,000 on November 13, its lowest level since August 19. Ether also traded below $2,000.

Bloomberg reported that Bitcoin briefly fell below $70,000, dropping as much as 2.2% to its lowest level since August 20. It was near $70,200 at 03:00 UTC. Bloomberg added that Treasury yields largely remained near Thursday's highs amid inflation concerns, weighing on assets that generate no yield, including cryptocurrencies.

At 05:10 UTC, The Block put Bitcoin at $68,408, down 7% over 24 hours.

Company news also featured that week. On November 12, NVIDIA announced that Jensen Huang had resigned immediately as president, chief executive and board member. Chief financial officer Colette Kress took over as interim CEO as the board looks for a permanent successor. NVIDIA gave no reason for the change. Also that day, CoinDesk reported that index provider MSCI would remove Strategy, the largest corporate holder of Bitcoin, from its global equity indexes after the November 30 close.

How this has influenced the Bitcoin price and market

Several factors affected prices at the same time, making it impossible to identify a single cause. CoinDesk connected the move to a stronger dollar and increased expectations of Federal Reserve rate hikes following an October US consumer price reading that came in hotter than expected. It reported that the US Dollar Index was above 103, its highest since April 2025, and had climbed nearly 2% since early October. The Block said analysts also cited risk aversion related to Nvidia and liquidations of leveraged positions.

Measured moves reported on November 13:

• Price: $69,000 (CoinDesk), about $70,200 at 03:00 UTC (Bloomberg), and $68,408 at 05:10 UTC (The Block).
• Liquidations: The Block cited CoinGlass data showing $1.47 billion in crypto liquidations over the previous 24 hours, including $1.31 billion in long positions. A liquidation occurs when an exchange forcibly closes a leveraged trade because the trader can no longer cover the losses. Long positions are wagers that prices will rise.
• ETF flows: CoinDesk said US spot Bitcoin exchange-traded funds (ETFs, funds that hold Bitcoin and trade like shares) recorded net outflows of $299.9 million on Wednesday, November 11, marking the fifth consecutive day. SoSoValue put the five-day total since November 5 at about $1.44 billion, with BlackRock's IBIT accounting for $269.7 million of the November 11 outflow.
• Snapshot: At 07:10 UTC on November 13, CoinGecko showed $69,135 down 5.88% over 24 hours and 8.75% over seven days, with 24-hour trading volume at about $41,439,180,232.

Social media posts drew more attention than the reports. Coin Bureau told its X followers that Bitcoin had fallen below $68,000 and Ether below $1,900, in a post that also used the word "bloodbath". Established news reports did not confirm some of the larger figures in these posts, including a $67,500 low and $1.6 billion in liquidations.

Implications for businesses

Companies holding Bitcoin on their balance sheets, as well as those lending against it, will see their holdings marked down. Exchanges and derivatives venues process more volume during liquidation waves, when margin calls and forced closures also tend to cluster.

For Strategy, CoinDesk reported that index-tracking funds would need to sell shares after the MSCI removal, and analysts it cited said losing passive demand could weaken the company's ability to raise money for future Bitcoin purchases.

NVIDIA said its operations, customer commitments and product roadmap would continue without interruption. Businesses exposed to technology shares, including Bitcoin miners that have expanded into AI data centres, may want to assess how closely their funding costs track those stocks.

Implications for individuals

This kind of decline highlights how large and rapid Bitcoin price swings can be. CoinDesk's live coverage noted Bitcoin trading near $75,000 on November 9, below the roughly $81,500 average purchase price Glassnode estimated for US spot ETF buyers. Many recent buyers were therefore already sitting on losses.

Practical points for ordinary holders:

• Hold only money you can afford to lose, and do not borrow to buy crypto, because leveraged positions are the first to be liquidated.
• People often regret decisions made in a panic during a sharp move. Our guide to buying and selling crypto describes how fees and timing can affect the outcome.
• Scams promising to recover losses or provide fixed returns often appear during selloffs. Check our crypto scams guide and keep your coins in a wallet you control, as explained in our wallets guide.

Conclusion

Bitcoin's fall below $70,000 coincided with higher yields, a stronger dollar, rate-hike expectations, ETF outflows, and news about Nvidia and Strategy, all within a few days. Reports characterize these as contributing factors, not as one proven cause. The facts to monitor are those already measured: price, liquidations and ETF flows.