Bitcoin Falls Below $68,000 as Sell-Off Deepens

Bitcoin fell to roughly $67,500–$68,000 on Nov. 13, its lowest level since August, as leveraged long positions were liquidated and other major cryptocurrencies also declined. The sell-off came amid hotter-than-expected U.S. inflation, rising Treasury yields, expectations of a Federal Reserve rate hike, weaker institutional demand, ETF outflows and thin market liquidity. Bitcoin slipped below its 200-week moving average near $68,000; analysts say a further breakdown in weekly momentum could expose a cycle low around $57,700, though support at current levels could prompt a rebound. Technical signals turned bearish and the Crypto Fear & Greed Index reached “extreme fear.”