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Bitcoin drops below $70K amid market sell-off and fears of rate hikes, testing $68K support level.

Market News
13 Nov 2026, 21:58 WIB
Zycrypto
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Bearish
Bitcoin drops below $70K amid market sell-off and fears of rate hikes, testing $68K support level.

Bitcoin fell below $70,000 for the first time since August, dropping to around $68,870 amid a broad market sell-off influenced by U.S. midterm elections, the Binance hack, and fears of December interest rate hikes. This decline reflects increased selling pressure and risk aversion due to rising U.S. Treasury yields, a stronger dollar, and weak AI stocks. While some data suggest this price range could mark a market bottom if the bull market structure holds, analyst Peter Schiff warns the downtrend may continue, predicting Bitcoin could fall below $10,000 due to declining demand despite positive political and institutional support.

Bitcoin's recent price drop provides context for cryptocurrency market activity on Pluang as of Nov 14, 2026 02:51 WIB. Among 50 major cryptocurrencies, 26 rose and 23 fell today. Notable movers include BAT (Basic Attention Token) down 9.00% to Rp2.045 with a typical hold time of 94 days and a strong sell bias at 92% sell orders, EOS (EOS.IO) up 8.13% to Rp12.649 with a typical hold time of 87 days, and ONE (Harmony) down 7.81% to Rp26 with a typical hold time of 153 days and 64% sell orders. The most notable figure is BAT's 92% sell order activity.

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