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Bitcoin dips below $70K as investors raise cash for Anthropic's IPO, seen as temporary capital rotation.

Market News
13 Nov 2026, 21:01 WIB
Crypto news
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Bearish
Bitcoin dips below $70K as investors raise cash for Anthropic's IPO, seen as temporary capital rotation.

Bitcoin fell below $70,000 on November 13, pressured by investors raising funds for Anthropic's highly oversubscribed IPO, which attracted six times the available shares. Xapo Bank CEO Seamus Rocca views this selling as a temporary capital rotation similar to past IPO-driven liquidity drains, such as SpaceX's listing. Additional pressure came from US Bitcoin ETF withdrawals and Strategy's upcoming MSCI index removal. Despite the dip, Rocca encourages long-term investors to use this consolidation phase for steady accumulation rather than panic selling.

Bitcoin's recent price movement is provided here as market context. For readers following cryptocurrency, 22 of 50 major cryptocurrencies on Pluang rose while 27 fell as of Nov 14, 2026 01:41 WIB. Bitcoin traded at Rp1,254,154,978 with a 1-day change of -4.16%, and order activity showed 67% buy and 33% sell.

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