Why Bitcoin Is Falling Today - Yahoo Finance
Bitcoin (CRYPTO:BTC) fell about 4.7% on Friday, Nov. 13, dropping below $70,000 as a stronger dollar and rising expectations of a Fed rate hike pressured the cryptocurrency.
The cryptocurrency dropped to around $68,000 overnight, its lowest level since August. The decline coincided with Tuesday's hotter-than-expected inflation data, which increased expectations of a Fed rate hike. At the same time, long-dated U.S. Treasury rates continued rising, with the 10-year yield reaching 5.13%.
When long-term Treasuries offer higher returns, investors typically shift from riskier assets like crypto toward the security of bonds. This flight to safety accelerated losses in Bitcoin, with more leveraged crypto positions being liquidated within 24 hours.
Fed hike pressure
Markets are pricing in a quarter-point rate hike in December as almost assured. This continued monetary tightening is expected to maintain pressure on Bitcoin and other cryptocurrencies for the foreseeable future.
If the Fed hikes in December as expected -- a quarter point is all but assured at this point -- that pressure doesn't go away. I think Bitcoin and crypto at large will continue to see pressure for some time.
Alternative investments
The Motley Fool Stock Advisor team has identified what they believe are the 10 best stocks for investors to buy now, with Bitcoin notably absent from the list. The service has historically delivered significant returns, with an average return of 830% compared to 209% for the S&P 500.
Past recommendations include Netflix and Nvidia, which would have turned $1,000 investments into $338,083 and $1,021,163 respectively, based on returns as of November 13, 2026.
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