Bitcoin suffers sharp weekly decline
Selling pressure intensified across the cryptocurrency market as Bitcoin (BTC) fell below the $70,000 mark on Friday, November 13, 2026.
After closing the day at approximately $68,249, Bitcoin dropped as low as $66,536 on Saturday, November 14, reaching its lowest level since August. Trading around $67,200 during the day, Bitcoin recorded a decline of more than 11% over the past seven days. A stronger U.S. dollar and rising Treasury yields added to selling pressure in the cryptocurrency market.
Expectations that the Federal Reserve (Fed) could raise interest rates in December weakened investors' appetite for riskier assets. Consecutive capital outflows from U.S.-listed spot Bitcoin ETFs accelerated the decline, while substantial liquidations occurred in leveraged positions. With Bitcoin falling below $70,000, investors shifted their attention to the support zone between $66,000 and $68,000. Markets are closely monitoring the Fed's interest rate policy, movements in the U.S. dollar, and institutional demand for crypto assets.