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Bitcoin falls 5% below $69,000 amid liquidation, weak demand, and inflation concerns

13 Nov 2026, 13:20 WIB
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Bearish
Bitcoin falls 5% below $69,000 amid liquidation, weak demand, and inflation concerns

Bitcoin dropped 5.6% on Friday, briefly falling below $69,000, its lowest since August. The decline was triggered by a concentrated liquidation of leveraged long positions and weakening demand across ETFs, stablecoins, and treasury firms. This comes after a hotter-than-expected US consumer price index report, signaling potential Federal Reserve rate hikes, and the resignation of Nvidia's CEO, which increased market volatility. Other major cryptocurrencies also fell, and the overall crypto market cap declined by 4.6%. Recovery depends on renewed long-term capital inflows into crypto.

Bitcoin is trading at Rp1.262.245.199 on Pluang, down 5.07% as of Nov 13, 2026 18:31 WIB. Binance Coin also declined, priced at Rp11.660.349 with a 3.81% drop in the same period. Pluang users show a buying preference with 73% of Bitcoin orders and 65% of Binance Coin orders as buys, indicating continued interest despite recent price falls.

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