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Bitcoin price drops 4.1% amid heavy liquidations and Fed rate hike fears, hitting lowest since August.

Market News
13 Nov 2026, 16:16 WIB
Crypto news
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Bearish
Bitcoin price drops 4.1% amid heavy liquidations and Fed rate hike fears, hitting lowest since August.

Bitcoin's price fell 4.1% to $69,376 on November 13, extending weekly losses to 8.5% due to heavy liquidations, ETF outflows, and concerns over a potential Federal Reserve interest rate hike. Approximately $1.47 billion in leveraged crypto positions were liquidated, mostly long positions, while US spot Bitcoin ETFs saw $1.44 billion in net outflows over five sessions. Rising US inflation increased expectations for a December Fed rate hike, pressuring Bitcoin and other risk assets. Bitcoin briefly dipped below $69,000 but recovered slightly, with $70,000 as a key resistance level. Weak liquidity and institutional demand add to the selling pressure, making further declines possible if Bitcoin fails to regain support levels soon.

Bitcoin price movement on November 13, 2026, is presented here as market context. For readers following cryptocurrency, here is Pluang's market snapshot as of Nov 13, 2026 20:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 28 rose and 21 fell today. Notable movers include SNX (Synthetix) with a 1-day change of +3.50% and 100% buy order activity, XLM (Stellar) up +3.49%, and COTI with +3.44%.

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