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Bitcoin falls below $70,000 as dollar rises and liquidations pass $1.6 billion
The drop is the first time bitcoin has traded under $70,000 since August, according to CoinDesk.
Key takeaways
- Bitcoin fell below $70,000 for the first time since August, CoinDesk reported.
- The price was down 3.5% since midnight UTC on 13 November 2026.
- Liquidations across the market topped $1.6 billion, according to the report.
- CoinDesk linked the move to a stronger dollar and the interest-rate outlook.
The move
Bitcoin traded below $70,000 on 13 November 2026, the first time it has been under that level since August, according to CoinDesk. The price was down 3.5% since midnight UTC, the report said.
CoinDesk put the move alongside a rising dollar and the outlook for interest rates. The report did not give a single cause for the decline.
Liquidations
Liquidations across the market topped $1.6 billion, CoinDesk reported. A liquidation is a forced closing of a leveraged position when the trader can no longer meet the margin requirement.
The report did not break the figure down by exchange, asset or direction of the trades.
What is not yet known
CoinDesk's account does not say how long bitcoin stayed below $70,000 or where it traded at the end of the session. It also does not give the dollar index level or the specific interest-rate expectations behind the move.
No comment from exchanges or regulators was included in the report.
Sources
1 report- CoinDeskBitcoin hits 12-week low as dollar rallies on interest-rate outlook, liquidations top $1.6 billion
This article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How far did bitcoin fall?
CoinDesk reported that bitcoin fell below $70,000 for the first time since August and was down 3.5% since midnight UTC on 13 November 2026.
How large were liquidations?
Liquidations across the market topped $1.6 billion, according to CoinDesk.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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