The crypto market ended the night into Friday with its steepest daily loss in weeks. At 07:30 UTC on November 13, 2026, bitcoin traded at around $69,000, down just over 6 percent in 24 hours;
The crypto market ended the night into Friday with its steepest daily loss in weeks. At 07:30 UTC on November 13, 2026, bitcoin traded at around $69,000, down just over 6 percent in 24 hours; the intraday low, according to CoinGecko, was $67,922. That is about €62,400. The latest price is on our bitcoin price page. The crypto market as a whole lost around 7 percent over the same period and is now worth about $2.35 trillion.
This crypto news round-up sets out what is driving the sell-off: forced selling of leveraged positions, outflows from US bitcoin ETFs, a strong dollar with rising bond yields, and a thin market. Our first take, with price levels, is in the article bitcoin price falls below $70,000.
The losses run through the large caps, but vary in size. As of 07:30 UTC, based on CoinGecko data:
Notably, XRP and Solana gave up considerably less than bitcoin and ether. Both, however, had already lost more in the preceding days: over seven days, XRP is down just over 14 percent according to CoinGecko, and Solana just over 10 percent. Medium-term scenarios are in the bitcoin price prediction and the Ethereum price prediction.
A liquidation is the forced sale of a leveraged position by the exchange once the posted collateral is no longer sufficient. According to CoinGlass data analysed by CoinDesk early on Friday, more than $1.3 billion of crypto futures were liquidated within 24 hours. About $677 million of that was in bitcoin. The largest single liquidation was a bitcoin long position worth more than $31 million on Hyperliquid.
Because CoinGlass calculates on a rolling 24-hour basis, the totals depend on when they are taken. Later readings reported by KuCoin News and Bloomingbit, for example, reached as much as $1.62 billion. The reliable figure is therefore a range of $1.3 billion to $1.6 billion; the vast majority hit investors who had bet on rising prices.
Every forced liquidation pushes the price down and can drive the next position below its collateral threshold.
The second driver comes from the US. According to Cointelegraph, BlackRock's IBIT bitcoin ETF recorded net outflows of more than $2 billion over the nine trading days to Wednesday. Across all US spot bitcoin ETFs, just under $1.44 billion flowed out over five trading days. Preliminary Farside data for Thursday showed a further $47.7 million of outflows, with the figures for BlackRock and Fidelity still missing.
A spot ETF holds real bitcoin as backing. When investors withdraw money, the fund generally has to sell bitcoin, and that selling pressure adds to the liquidations.
CoinDesk points to a strong US dollar: the dollar index rose above 103, its highest level since April 2025. After hotter-than-expected consumer prices for October, expectations also rose that the Federal Reserve will raise rates in December. According to Cointelegraph, citing data from 10x Research, bitcoin fell 5.9 percent between November 5 and 12, while the yield on the 10-year US Treasury rose above 5 percent.
For investors in the euro area, part of the dollar loss is exchange rate. In euro terms, bitcoin fell by about 5.9 percent in 24 hours, slightly less than in dollars.
Order book depth measures how many buy and sell orders sit close to the current price. The lower it is, the further a large sale moves the price. According to the analytics firm Talos, cited by Cointelegraph, bitcoin's order book depth on major exchanges stood at $72 million on November 9, about 33 percent below its usual level. Talos's Tanay Ved said liquidity remains thin while leverage is high, leaving the market vulnerable to violent swings in both directions.
Few orders in the book mean big price jumps even on medium-sized sales.
Sentiment matches. The Crypto Fear and Greed Index from alternative.me stands at 20 points on Friday, the "Extreme Fear" level. The day before it was still at 28. According to Cointelegraph, that is the lowest reading since July 8. How the market has behaved after earlier phases of extreme fear is shown in our history of the Fear and Greed Index. A low reading describes sentiment; on its own it does not predict whether the price will keep falling or turn.
CoinDesk also cited a report of renewed military escalation in the Middle East, which it said accelerated the overnight sell-off. WTI crude was last trading at around $88.
If you hold bitcoin in Europe, keep three things apart. First, custody: since MiCA, the EU's Markets in Crypto-Assets regulation, providers in the EU need a licence, which you can look up in the ESMA register. If you want to trade during a crash, a licensed venue is the starting point; which exchanges these are and what they cost is shown in our comparison of the best crypto exchanges.
Second, records: how gains and losses are taxed depends on where you live. A crypto tax tool keeps track of purchase dates and cost basis.
Third, leverage: the night's liquidations show how quickly leveraged positions are closed in a thin market. Vikram Subburaj, chief executive of the Indian exchange Giottus, advised against chasing short-term dips and against using excessive leverage, according to Cointelegraph.
(As of November 13, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
