MARKET ANALYSIS | Bitcoin Falls Below $70,000 as Crypto Liquidations Surpass $1 Billion - BitKE
Bitcoin dropped below $70,000 on November 13, 2026, reaching approximately $69,000, its lowest level since August 2026, as market conditions deteriorated.
The cryptocurrency market experienced significant volatility on November 13, 2026, with Bitcoin falling to approximately $69,000. This marked its lowest point since August 2026, as multiple factors combined to accelerate the downturn.
The decline pushed Bitcoin down 17% in Q3 2026, effectively reversing much of its gains accumulated over the previous three months. Other major cryptocurrencies also felt the pressure, with Ethereum falling below $2,000, Solana dropping below $80, and XRP trading near $1.
Massive Liquidations
The sell-off triggered more than $1.3 billion in crypto futures liquidations over a 24-hour period, according to CoinGlass data. Bitcoin accounted for approximately $677 million of these liquidations, with nearly $500 million occurring specifically as BTC broke below the $70,000 threshold.
Market Pressures
Broader market pressures contributed to the downturn, with the U.S. Dollar Index climbing above 103, its highest level since April 2025. This rise came amid rising expectations of further Federal Reserve interest rate increases.
Renewed military tensions in the Middle East added to investor uncertainty, while continued withdrawals from U.S. spot Bitcoin ETFs indicated weakening institutional demand in the current market environment.
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