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Bitcoin slips to about $67,555 overnight, then recovers to near $69,800
The price touched about $67,555 in the hours before dawn on 12 November and recovered to near $69,800 after October producer prices came in below forecasts.
Key takeaways
- Bitcoin dropped to about $67,555 around midnight Eastern on 12 November, its lowest since mid-August.
- The price had been near $72,800 on the morning of 12 November before sliding.
- The fall pushed bitcoin under its 200-week moving average, near $68,000.
- The U.S. Dollar Index stayed above 103, near its highest since April 2025.
- Traders still fully expected a Federal Reserve rate rise in December.
Overnight move below the 200-week average
Bitcoin fell to roughly $67,555 shortly before midnight Eastern time on 12 November 2026, the lowest price for the asset since mid-August, according to Bitcoin Magazine Pro data cited by Bitcoin Magazine. The drop came after a slide from about $72,800 on the morning of 12 November, through $71,000 that evening and under $70,000 late at night.
The fall took bitcoin beneath its 200-week moving average, which Bitcoin Magazine placed near $68,000. A moving average of that kind smooths prices over many weeks to show a longer trend. Buyers then moved the price back over $69,000 before sunrise on 13 November, and by Friday morning it traded near $69,800.
Dollar strength and rate expectations
The U.S. Dollar Index stayed above 103 on Friday 13 November, after three sessions of gains pushed it to its strongest level since April 2025. The 10-year Treasury yield stood near 5.15% before the producer-price data was released.
October producer prices increased by less than economists had forecast, according to the report. The rebound in bitcoin followed that release. Traders still fully expected the Federal Reserve to raise rates in December, and the dollar's rise and bond yields above 5% on the 10-year note were described by Bitcoin Magazine as weighing on bitcoin.
What remains unresolved
Bitcoin Magazine did not say what volume or market depth accompanied the move, and it gave no explanation from any exchange or trading desk for the midnight decline. The report did not identify the sellers or the size of the orders involved.
Whether the price holds above the 200-week average when trading continues through 13 November is not yet known. Bitcoin Magazine's figures are its own index data and may differ from prices on individual exchanges.
Sources
1 report- Bitcoin MagazineBitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High
This article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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