Rough day across crypto — it's a full risk-off selloff today, Friday Nov 13.

Bitcoin breaks $70,000

BTC fell to ∼$67,600 - $68,400, its lowest since August 19, down 3.5% to 7% in 24 hours depending on the exchange/time.

It's now ∼46% below its all-time high of $126,156, and down 16% in the last month.

It broke below its 200-day moving average and slipped under the psychologically key $70,000 level.

Ethereum + Altcoins also hit

ETH: ∼$1,963 — back below $2,000, lowest in 12 weeks

Solana, XRP, BNB all in the red alongside BTC

Why it's falling — 3 forces colliding

1. Fed / Inflation fears

Traders are pricing in a Fed rate increase next month. That pushed the dollar to a 19-month high, US 10-year Treasury yield above 5.1%, and bond yields up — making risky assets like crypto less attractive.

2. Nvidia shock

The fallout from Jensen Huang's exit from Nvidia added to the market jitters overnight and dragged down tech + risk sentiment globally.

3. Massive liquidations + ETF outflows

$1.6B - $1.64B liquidated in 24 hours across 185,595 traders

Funding rates on perpetual futures turned negative for the first time in a month — a sign traders are now bearish/shorting

Outflows from Bitcoin ETFs also accelerating

Bonus pressure: Strategy (formerly MicroStrategy) confirmed it will leave the MSCI global equity indexes after the Nov 30 close — a blow to the corporate Bitcoin-buying model.

What to watch today

US Producer Price Index (PPI) at 8:30 AM ET — a hot inflation print could open the way to $65,000 - $67,500. A cool print could help BTC reclaim $70,000.

Want me to keep an eye on BTC reclaiming $70k, or track ETH / Solana too?

Please like share and follow