Bitcoin's price slipped below US$70,000 on Friday, November 13, 2026, and traded near US$68,600, its lowest level since mid-August, according to BeInCrypto. Three forces hit at once: forced selling of leveraged positions, money leaving exchange-traded funds (ETFs) and the expectation that the US Federal Reserve will raise rates again in December.
What happened and why it matters
Ámbito reported a drop of about 5% in 24 hours and a weekly loss of more than 8% for Bitcoin. Ether, the second-largest cryptocurrency, hovers around US$1,900 and is down 12% on the week. DiarioBitcoin put the price at US$68,632.48 and reported a daily change of -6.88%, while noting that this figure does not match the comparison with the previous close, so the exact size of the move should be read with caution.
- Liquidations: using CoinGlass data, Ámbito counted US$1.64 billion in forced closures in a single day, US$1.45 billion of them bullish bets. DiarioBitcoin, citing CoinDesk, puts the figure above US$1.6 billion.
- Volume: US$43.49 billion changed hands during the session, against a 30-day average of US$26.59 billion, according to DiarioBitcoin.
- Derivatives: open interest fell 4.6% and futures volume rose 58.3% in 24 hours, according to CoinDesk as cited by DiarioBitcoin. That mix tends to show up when many traders close contracts at the same time.
- Rates: Fed governor Christopher Waller argued that limiting the next hike to 25 basis points would put the Fed's credibility at risk, Ámbito reported. BeInCrypto noted that rate markets already treat a December hike as a certainty.
Rick Maeda, head of markets at Laevitas, described the session to Ámbito as a wave of liquidations driven by leverage. The same outlet pointed to another factor: the slide in AI-linked tech stocks after Jensen Huang stepped down as Nvidia's chief executive.
For Latin America the move matters twice over. Many people hold crypto as a dollar-like savings asset or use it to send money across borders, and a drop this size cuts the value of those holdings within days.
Scenarios and probabilities
None of the analysts cited put numbers on the odds. Their readings point to three possible paths for the coming weeks:
- A technical rebound. DiarioBitcoin says the RSI and the stochastic oscillator are deeply oversold, a condition that often comes before short-term gains. Getting back to US$70,000 takes a rise of about 2% from the current US$68,600.
- A further slide toward US$67,000. César Nuez, a technical analyst at Bolsamanía, had warned, according to Ámbito, that losing US$72,000 could push the price to that area. BeInCrypto also flags it as the next possible support.
- A range while the Fed decides. If the next inflation and jobs figures do not change what markets expect, the price could swing between those levels until the Fed makes its December call.
Impact on prediction markets
Predik has an open market, "Will Bitcoin close above US$70,000 on Monday, November 30, 2026?", which closes that Monday at 12:00 Buenos Aires time. With Bitcoin near US$68,600, the question has flipped: it is no longer whether the price holds above that line, but whether it can win it back over the next two and a half weeks.
The market is still in its pre-market stage, before trading opens. What the Fed signals, the pace of ETF outflows and the size of liquidations over the coming days are the data points most likely to tilt the answer.
Risks and what would invalidate this thesis
- A less hawkish message from the Fed could stop the selling and speed up a rebound above US$70,000.
- A 50 basis point hike instead of 25 would leave more room for losses, according to Jeff Mei, chief operating officer at BTSE, as cited by Ámbito.
- DiarioBitcoin reported that recent holders moved about US$3.6 billion in BTC to exchanges. Moving coins does not prove they were sold: if they are not, supply pressure would be lighter than it looks.
- The daily-drop figures differ between outlets, and in a market this volatile any reading can change within hours.
FAQ
Why did Bitcoin fall this week? Because leveraged positions were liquidated, money left Bitcoin ETFs and markets expect another US rate hike.
What is a liquidation? It is the forced closing of a leveraged position when its collateral is no longer enough. Many liquidations at once can deepen a drop that started for other reasons.
Which level are analysts watching? The US$67,000 area shows up as the next support in the analyses cited by Ámbito and BeInCrypto.
When does Predik's Bitcoin market close? On Monday, November 30, 2026, at 12:00 Buenos Aires time.
Sources
- Ámbito, November 13, 2026
- DiarioBitcoin, November 13, 2026
- BeInCrypto, November 13, 2026
- BeInCrypto, November 12, 2026
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