Bitcoin falls below $70,000; 5 of 8 big altcoins down over a third

Bitcoin traded at $68,995.83 on Coinbase at 20:00 UTC on 13 November, about $69,000.S-Curve analysis of Coinbase daily and hourly prices, 1 Aug to 13 Nov 2026. The day had not yet closed, but bitcoin’s daily close had not been below $70,000 since 19 August. Its highest daily close since 1 August was $86,594.94 on 21 September, which puts the 20:00 UTC price about 20% lower.

How far each coin has fallen

All eight altcoins we track have fallen further than bitcoin. Measured from each coin’s highest daily close since 1 August to 20:00 UTC on 13 November, bitcoin is down 20.3%, Hyperliquid 25.1%, Avalanche 27.5% and ether 29.7%. Solana, dogecoin, XRP, chainlink and cardano are down between 34.3% and 36.5%. Most of those peaks came in late September; cardano and Avalanche peaked in early October.

At 20:00 UTC ether traded at $1,951.87 and XRP at $1.0272, after XRP dipped as low as $0.9961 earlier on 13 November. Since the 31 October daily close, bitcoin is down 10.9%, while XRP is down 17.8% and Hyperliquid 17.1%. Avalanche is down 1.5% over the same period.

What the market data show

CryptoSlate wrote that “the data do not establish the selloff’s original trigger”.CryptoSlate, Bitcoin falls below $70,000 as $870 million in bullish bets are liquidated, 13 Nov 2026. CoinGlass data it cited show $869.89 million in bitcoin long positions forcibly closed in the 24 hours to about 10:52 UTC on 13 November, a window that includes part of 12 November, against $31 million in short positions.

US spot bitcoin ETFs had $1.282 billion in net outflows in the week of 2 to 6 November, the largest weekly outflow since the week ending 26 June, The Crypto Times reported, citing SoSoValue.The Crypto Times, BTC falls to $74K as $1.04B crypto liquidations hit longs, ETFs bleed $1.28B, 9 Nov 2026. The funds had $299.8 million in net withdrawals on 11 November, most of it from BlackRock’s IBIT, and about $1.44 billion over five straight sessions, crypto.news reported, citing Farside Investors.crypto.news, Bitcoin price crashes below $70K as crypto liquidations hit $1.2B, 13 Nov 2026.

Crypto.news wrote that the US Dollar Index climbed above 103 on 12 November, its highest level in about 19 months, and that Treasury yields moved higher after stronger-than-expected inflation figures. The broker XTB wrote on 13 November that US 10-year yields were recording their sharpest daily increase since April 2025.XTB, Bitcoin falls below $70k, 13 Nov 2026.

Stocks and stablecoins

Technology stocks faced renewed selling after Nvidia confirmed that Jensen Huang had resigned as chief executive, crypto.news wrote. TokenPost reported that in the US morning session on 13 November the S&P 500 was down 1.2% and the Nasdaq Composite down 1.5%, even though October producer prices rose a little less than expected.TokenPost, Bitcoin slips below $70,000 as stocks fall despite cooler October PPI, 13 Nov 2026. On 5 November, bitcoin moved with the Nasdaq during the chip-stock sell-off, as we reported then.The S-Curve, Bitcoin tracked the Nasdaq as chips had their worst day since 2020, 5 November 2026.

Separately, dollar stablecoins shrank by $15.06 billion in the 30 days to 11 November, the biggest 30-day fall since June 2022, as we reported on 11 November.The S-Curve, Stablecoin supply falls $15bn in 30 days, most since June 2022, 11 November 2026.

Measured against its October 2025 record of $126,198, bitcoin is down roughly 45%, crypto.news wrote.