Bitcoin dropped below $70k for the first time in several months.

The cost of bitcoin decreased by 5.4% on November 13, dropping to $67,628. This was reported by Bloomberg, noting that the cryptocurrency fell below $69 thousand for the first time since August 19.

According to the agency, the fall in the exchange rate is due to market participants' concerns about accelerating inflation in the United States and a possible further increase in the key rate by the Federal Reserve System (FRS).

Additional factors of pressure on cryptocurrencies were the strengthening of the US dollar and fluctuations in the share price of technology companies. In particular, instability is observed after the change of Nvidia management.

According to data from the CoinGlass analytical platform, over the past 24 hours, the volume of forcibly closed long positions in the crypto market has exceeded $ 1.2 billion, Bloomberg said.

In addition, from October 30 to November 11, the net outflow of capital from American exchange-traded investment funds (ETFs) directly investing in bitcoin amounted to more than $2.5 billion.

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According to CoinGlass data from November 3, the cost of bitcoin decreased by 7.32% in October 2026, which was the most significant drop in this month since 2014. At the same time, since the beginning of 2026, the cryptocurrency has repeatedly shown negative monthly results. In June, bitcoin fell by 20.41%, in May — by 3.57%, in February — by 14.79%, and in January — by 10.16%.