Bitcoin dropped under $70,000 early Friday, November 13. Coinbase had the low at $67,555, the lowest since August 19, and at 5:27am ET it was around $69,200, down about 5.8% in 24 hours. Ether fell under $2,000 too, to about $1,948. Yesterday we wrote about it breaking $72,000. It didn't stop there.
Updated November 13, 2026, 5:30am ET. Prices from Coinbase and CoinGecko. Live prices: our crypto page.
The numbers
| Bitcoin, 5:27am ET | About $69,200 (Coinbase $69,205, CoinGecko $69,225) |
| Bitcoin low | $67,555 on Coinbase, lowest since August 19 |
| Ether, 5:27am ET | About $1,948 (low $1,894, lowest since August 18) |
| Liquidations, 24h | More than $1.3 billion (CoinGlass via CoinDesk); later snapshots up to about $1.6 billion |
| Fear & Greed Index | 20, "Extreme Fear" |
What happened overnight
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Bitcoin had already been sliding all week, from about $73,700 on Monday to $71,151 on Thursday. Overnight it broke the big round number, the one long-time holders (the kind who read The Bitcoin Standard and never sell) had been watching all week. Once $70,000 went, the forced selling kicked in: about $500 million in leveraged bets got wiped out in the single hour it crossed that line, according to CoinDesk. Over 24 hours it was more than $1.3 billion, with Bitcoin bets alone around $677 million. The biggest single one was a long Bitcoin position worth more than $31 million on Hyperliquid.
That's the part people forget on days like this. A lot of the drop isn't people deciding to sell. It's borrowed bets getting closed automatically, which pushes the price down, which closes more bets. If your coins sit on a hardware wallet with no loan against them, none of that can happen to you directly.
Why it keeps falling
- ETF money is still leaving. US spot Bitcoin ETFs lost about $1.44 billion over the five sessions through Wednesday, and early Farside data showed about $47.7 million more out on Thursday, with BlackRock and Fidelity numbers still pending. BlackRock's IBIT alone lost more than $2 billion over nine straight sessions, Cointelegraph reported.
- Rates and the dollar. After Tuesday's hot inflation report, traders raised their bets on a Fed rate hike in December. The US Dollar Index climbed above 103, its highest since April 2025, and 10x Research says the 10-year Treasury yield went above 5%. Both tend to pull money away from crypto.
- Thin markets. Talos says order books have been thin, roughly a third below normal, so it doesn't take much selling to move the price a lot.
- Tech nerves. Nvidia's CEO resigned on Thursday, and crypto has been trading with tech stocks lately.
Ether under $2,000
Ether dropped below $2,000 for the first time since August, per CoinDesk. Coinbase had the low at $1,894. That's well under the $2,100 level we wrote about on Tuesday in Ethereum drops below $2,100. Big altcoins were down 6% or more too.
How far from the top?
Bitcoin's all-time high was about $126,300 in October 2025. At around $69,200, it's roughly 45% below that. It was lower than this in August, though, when Coinbase had it around $64,112 on August 19. So this is a slide back toward the summer lows, not a brand-new bottom for the year. Still, a drop of about $4,500 since Monday is a lot for one week, even for Bitcoin.
How bad is "Extreme Fear"?
The Fear & Greed Index, which mixes price swings, volume and social media mood into one number, hit 20 on Friday. Cointelegraph says that's the lowest since July. It doesn't predict anything. It just tells you most people are scared right now. Some long-time holders like to say that's when they're calmest, but that's their call, not advice.
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My take
Very interesting. I wonder if it bounces back next week or goes to new lows.
What to watch
- Whether Bitcoin gets back above $70,000 or keeps testing the August lows (Coinbase had about $64,112 on August 19).
- Thursday's final ETF numbers, and whether the outflow streak finally breaks.
- Nvidia earnings on Tuesday, November 17, since crypto is moving with tech.
We don't do price predictions. If this week has you rethinking how you handle the swings, The Psychology of Money by Morgan Housel is an easy, calming read.
FAQ
Why did Bitcoin fall below $70,000?
Steady ETF outflows, rate-hike fears after a hot CPI report, a strong dollar, thin markets, and over $1.3 billion in liquidations once $70,000 broke.
How low did Bitcoin go on November 13, 2026?
About $67,555 on Coinbase, the lowest since August 19.
Is Ether below $2,000?
Yes. About $1,948 at 5:27am ET, with a low of $1,894, the first time under $2,000 since August.
This is news, not financial advice.
Sources
- Cryptoticker: Crypto news, November 13: bitcoin down 6%, over $1.3 billion liquidated cryptoticker.io
- Cointelegraph: Bitcoin price sinks below $70K as crypto sentiment weakens cointelegraph.com
- TokenPost: Bitcoin falls below $70,000 as ETF outflows top $2.5 billion tokenpost.com
- GNcrypto: Bitcoin falls below $70K as ETF outflows, thin liquidity weigh gncrypto.news
- Coinbase and CoinGecko: BTC and ETH prices and daily data coinbase.com
Written by the WIZY creator
A lifelong gamer and Warhammer painter, and the maker of the WIZY RPG game. I write about games, hardware, Warhammer and crypto in plain English, and I check every fact against its source.
