Bitcoin Below $65,000: Why Is Bitcoin Still Falling?

Why is bitcoin falling today?

Bitcoin is falling because several pressures arrived at once: bets on a December US rate rise, a stronger dollar, steady withdrawals from bitcoin ETFs and forced selling by traders who borrowed to bet on higher prices ^[3][4][6]. On 15 November 2026 CoinGecko showed bitcoin near $64,600, with a 24-hour low of about $62,100; the live price keeps changing ^[8].

Investing.com said bitcoin was on track for a sixth straight weekly loss and linked the move to persistent spot ETF outflows, heavy liquidations and a broader retreat from risky assets ^[3]. CoinDesk reported that traders had moved to price in a Fed rate increase after hotter-than-expected inflation data, which pushed bond yields and the dollar higher ^[6].

The technology sector has added to the strain. The Block reported that traders were weighing Jensen Huang's resignation as Nvidia chief executive alongside the rate outlook when bitcoin broke lower on Friday ^[4]. James Butterfill, head of research at CoinShares, told Unchained that bitcoin does not need a direct link to artificial intelligence to suffer when investors cut risk across their portfolios ^[7].

Other worries are in the background. Investing.com pointed to MSCI's plan to remove bitcoin treasury company Strategy from its indexes on 30 November and to the lingering effects of the $6.3 billion Binance security breach in October ^[3].

How low did bitcoin go this weekend?

Bitcoin fell to about $62,500 on the evening of Saturday 14 November 2026 in US time, its lowest level in about three months ^[1][2]. Coinbase's spot market recorded a low of $62,534 and Bitstamp $62,545 in the same minute, according to a report carried by Cryptonews.net ^[2].

That low was about 26% below the October peak of roughly $84,856 reached on 21 October ^[2]. CoinDesk said bitcoin was down 17% over the week and had dropped another 8% after the US stock market closed on Friday evening ^[1]. Ether, XRP and solana were each down about 22% over the same week ^[1].

Bitcoin then bounced slightly. By 15 November CoinGecko showed it near $64,600 ^[8]. Investing.com said the decline since late October was more than 20%, and a fall of more than 20% is a common rule of thumb for a bear market in stock markets, though crypto has no official definition ^[3].

The table below lists the main levels of the past four weeks, taken from the cited reports.

What changed since bitcoin broke $70,000?

Little got better: the producer price data on Friday 13 November confirmed high inflation, ETF selling continued and the price fell a further 8% after US stocks closed on Friday ^[5][4][1]. Pouyam covered the first break in Bitcoin Price Drop: Why BTC Fell Below $70,000 (Nov 2026); this guide follows what happened next.

Bitcoin Magazine reported that the US Producer Price Index rose 0.3% in October, a little below the 0.4% economists expected, but was up 6.5% from a year earlier, the largest 12-month rise since November 2022 ^[5]. The slightly softer monthly reading lifted bitcoin above $70,000 for only a few minutes before it slipped back ^[5].

Selling then resumed on Friday evening and continued on Saturday, breaking Friday's low of about $67,555 ^[5]. CoinDesk quoted analyst James Check, who described it as the fourth capitulation event since bitcoin's all-time high, saying holders were selling at prices they wished they had bought at three months ago ^[1].

One technical change gave miners relief: Bitcoin Magazine said mining difficulty fell 9.13% early on Saturday, the largest cut since June ^[5]. Difficulty adjusts automatically and does not set the price, but a lower figure eases pressure on miners who might otherwise sell coins to cover costs.

Why do US inflation and Fed rate hike bets hit bitcoin?

Higher interest rates make cash and bonds pay more, which reduces the appeal of assets such as bitcoin that pay no interest, and they usually strengthen the dollar ^[6][7]. When traders expect rates to rise, money tends to leave the riskiest corners of the market first.

CoinDesk reported that after this week's inflation figures, the CME FedWatch tool showed an 88% chance of a 25-basis-point rate rise in December and a 12% chance of a 50-basis-point move ^[6]. The Dollar Index rose above 103, its highest since April 2025 ^[6].

Unchained noted that the Federal Reserve held its target range at 3.75% to 4% on 28 October, with two officials voting for a rise, after raising rates in September ^[7]. The 10-year US Treasury yield reached 5.10% on Thursday 12 November ^[7]. Higher yields raise the return investors can earn without taking crypto risk.

Consumer prices also ran hot. Unchained said the October Consumer Price Index rose 0.4% and core prices 0.3%, after which bitcoin fell below $74,000 on Tuesday 10 November ^[7].

Are bitcoin ETF outflows still going on?

Yes. US spot bitcoin ETFs lost money on seven straight trading days through Friday 13 November, a run worth $1.91 billion ^[4]. It is the longest daily outflow streak since a 10-session stretch in late June and early July, The Block reported using SoSoValue data ^[4].

The funds lost $1.07 billion in the week to 13 November after $1.28 billion the week before, so $2.35 billion left in two weeks ^[4]. That made November already the worst month for the funds since June, and they are now down about $1.98 billion for 2026 as a whole ^[4].

BlackRock's iShares Bitcoin Trust, the largest fund, accounted for about 77% of Friday's outflow ^[4]. The Block said the fund held bitcoin worth $53.99 billion ^[4]. ETF outflows matter because each redemption can require the fund to sell bitcoin, adding supply when buyers are scarce.

Liquidity outside ETFs is also thinner. An Investing.com analysis cited Glassnode data showing total stablecoin supply down $14.2 billion over 30 days, the fastest fall since June 2022, which the analysis read as a drain on crypto liquidity ^[9].

What are liquidations, and why do weekend drops get bigger?

A liquidation happens when an exchange closes a borrowed position because the trader's collateral no longer covers losses; those forced sales push prices lower and can trigger more liquidations ^[6][3]. In falling markets, traders who bet on higher prices, called longs, are hit hardest.

CoinDesk reported $1.64 billion of crypto liquidations in the 24 hours around the break below $70,000, with longs accounting for 88.7% ^[6]. On Saturday, Investing.com cited CoinGlass data showing another $1.47 billion of liquidations in 24 hours, including $1.31 billion of bullish bets ^[3].

Weekends add to the risk because fewer traders and market makers are active. Bitcoin Magazine noted that weekend trading is typically thinner, leaving the price more exposed to sharp swings in either direction ^[5]. The Investing.com analysis said the crypto Fear and Greed Index had dropped to 20, in the extreme fear zone ^[9].

Liquidations can also reverse quickly. Butterfill told Unchained that a short squeeze can lift prices fast, but a durable recovery needs buyers willing to commit fresh money ^[7].

Is bitcoin in a bear market? What analysts say

Analysts disagree, and none of their views is a forecast you can rely on: CoinShares says the drop puts its $70,000 to $90,000 range under pressure, while analyst James Check says prices have entered a deep value zone ^[7][1].

Butterfill told Unchained that the move below $70,000 put the lower end of CoinShares' base case under pressure and that it should not be assumed to be a hard floor ^[7]. He said a lasting move above $90,000 would likely need expectations of easier monetary policy, renewed buying by large holders, or both ^[7].

Check, quoted by CoinDesk, said the deep value zone was last seen in February and late June this year and before that late in 2022, and CoinDesk noted that this does not mean the bottom is in ^[1]. The Investing.com analysis noted bitcoin was testing its 200-week moving average, a long-term trend line ^[9].

Pouyam does not give investment advice. Price levels in this guide are reported facts and attributed opinions, not recommendations to buy or sell.

What should I check before reacting to the bitcoin drop?

Check the price on a reliable source, understand any borrowed or leveraged positions you hold, and watch for scams that exploit sharp market moves ^[8][6]. These are general safety points, not financial advice.

• Compare the price on two sources, such as an exchange and a price tracker, because quotes differ slightly between venues ^[2][8].
• If you use leverage, know your liquidation price; this week's forced selling hit traders betting on higher prices hardest ^[6].
• Expect larger swings at weekends, when trading is thinner ^[5].
• Note the scheduled events that moved prices this week, such as US inflation data and the Fed's December meeting ^[6][7].
• Ignore messages promising to recover losses or double your coins, and never share a wallet recovery phrase.
• Remember that liquidation totals differ between data providers and time windows, for example $1.47 billion and $1.64 billion in the reports cited here ^[3][6].