S I A M

Bitcoin fell as low as $67,652 on Friday, November 13, dropping below its 200-week moving average of around $68,000, as a stronger US dollar and rising bond yields hit risk assets. Bitcoin is down more than 3.5% over 24 hours, 16% over the past month and 17% this quarter. Earlier in the session it broke below $70,000 for the first time since August 19.
The 200-week moving average is a long-term trend line that many traders watch as a deep support level in bear markets.
Ether, XRP and SOL Slide
The selling spread across the market:
Ether fell below $2,000 for the first time since August.
XRP traded close to $1.
Solana (SOL) fell below $80.
Smaller tokens including GT, Stacks (STX) and Monero (XMR) dropped 7% or more.
Dollar and Bond Yields Climb
The Dollar Index (DXY), which tracks the US dollar against a basket of major currencies, rose above 103, its highest since April 2025. It has gained nearly 2% since early October as markets priced in more Federal Reserve rate hikes.
Bond yields are rising worldwide. The US 10-year Treasury yield reached 5.125% and the 30-year 5.459%, and yields in the UK, France, Germany and Japan also rose. Higher yields make safer assets more attractive and tend to weigh on riskier ones such as bitcoin and tech stocks.
Bets on a half-point Fed hike in December increased after Tuesday’s hotter-than-expected US inflation report. US October producer price data is due at 13:30 UTC today.
$500 Million Liquidated as Bitcoin Broke $70,000
More than $1.3 billion in crypto futures bets were liquidated over 24 hours, according to CoinGlass, with bitcoin accounting for $677 million. Nearly $500 million of that was wiped out as bitcoin fell below $70,000, showing how many traders had piled into leveraged positions.
A liquidation happens when an exchange forcibly closes a leveraged trade because losses have used up the trader’s margin. The largest single liquidation was a bitcoin long worth more than $31 million on the decentralized trading platform Hyperliquid.
Gold Slips, Oil Rebounds
Gold traded just below $3,900 an ounce as it tried to recover toward $4,000. Oil rebounded from recent losses, with WTI crude at $89 a barrel and Brent above $96. CoinDesk also pointed to reports of renewed tensions in the Middle East.
Tech futures fell, and the DRAM memory ETF and VanEck Semiconductor ETF also traded lower on Friday.
Microsoft Works to Restore Services After Global Outage
Microsoft is working to restore Outlook, Teams, Copilot and other Microsoft 365 services after a global outage disrupted businesses and government agencies, delaying some corporate results, according to Bloomberg. Microsoft said stability and capacity were improving and that there was no sign of malicious activity or a cyberattack.