{"id":251225,"date":"2026-11-13T14:11:44","date_gmt":"2026-11-13T14:11:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=251225"},"modified":"2026-11-13T14:11:44","modified_gmt":"2026-11-13T14:11:44","slug":"bitcoin-price-briefly-crashes-to-67500-lowest-since-august-as-dollar-holds-19-month-high","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=251225","title":{"rendered":"Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High<\/a><\/p>\n

<\/div>\n

Bitcoin price traded<\/a> near $69,800 on Friday morning after briefly crashing to about $67,555 around midnight Eastern, its lowest level since mid-August, according to Bitcoin Magazine Pro<\/em> data. The rebound held after October producer prices rose less than economists had expected, though the U.S. dollar remained near a 19-month high and traders still fully priced a December Federal Reserve rate hike.<\/p>\n

Bitcoin price was trading near $72,800 at this time Thursday. It slipped<\/a> toward $71,000 by Thursday evening, then gave way late at night, breaking below $70,000 and sliding to that midnight low. The move also pushed the bitcoin price below its 200-week moving average<\/a>, a long-term trend line near $68,000. Buyers lifted it back above $69,000 before sunrise, and the rebound extended toward $69,800 after the producer-price report.<\/p>\n

A stronger dollar and higher yields weigh on the bitcoin price<\/h2>\n

The U.S. Dollar Index held<\/a> above 103 Friday after a three-day rally took it to its highest level since April 2025. The 10-year Treasury yield was<\/a> near 5.15% ahead of the data, and two-year yields, which track Fed expectations most closely, were on pace for their worst week since 2024, Bloomberg reported.<\/p>\n

Traders still see an 88% chance of a quarter-point hike at the Fed\u2019s Dec. 8-9 meeting and a 12% chance of a half-point move, CME FedWatch data show<\/a>. Fed Governor Christopher Waller has added<\/a> a 50-basis-point increase to the discussion, and New York Fed President John Williams said Thursday that inflation remains high and policymakers need to take further action.<\/p>\n

Higher rates raise the cost of holding an asset that pays no interest, and a stronger dollar tends to drain demand for risk assets. Both have pressured the bitcoin price since this week\u2019s hotter-than-expected consumer price index.<\/p>\n

Bitcoin has also broken from tech stocks. It fell<\/a> 5.9% between Nov. 5 and Nov. 12 while the Nasdaq 100 gained 6.4%, a sign it is trading more on yields and the dollar than on the AI trade. Nasdaq 100 futures were up about 0.6% Friday after the producer-price report, as investors also weighed Nvidia\u2019s announcement that Jensen Huang had resigned<\/a> as CEO.<\/p>\n

Leverage unwinds and ETF selling continues<\/h2>\n

The break below $70,000 set off a wave of forced selling. About $1.64 billion in crypto positions were liquidated<\/a> over 24 hours, with bets on higher prices making up nearly 89% of the total and bitcoin positions accounting for $916 million.<\/p>\n

U.S. spot bitcoin ETFs added to the pressure. The funds posted<\/a> about $47.7 million in net outflows Thursday, their sixth straight day of withdrawals, bringing the run to roughly $1.49 billion. BlackRock\u2019s iShares Bitcoin Trust (IBIT) alone bled about $2 billion<\/a> over nine sessions through Wednesday, and the group has now flipped<\/a> to about $1.56 billion in net outflows for 2026.<\/p>\n

Sentiment has soured with it. A widely watched crypto fear and greed gauge dropped<\/a> to 20 Friday, its lowest reading since July 8, and bitcoin is now on track for a second straight down year<\/a>.<\/p>\n

Positioning has turned defensive. Average perpetual futures funding rates turned<\/a> negative for the first time in a month as the price fell toward $68,500, meaning short sellers are now paying to hold their bets. Order books are also thin. Bitcoin order-book depth across major exchanges fell<\/a> to $72 million on Nov. 9, roughly 33% below normal levels. \u201cLiquidity remains thin while leverage stays elevated, leaving the market vulnerable to sharp moves in either direction,\u201d said Tanay Ved, a senior research associate at Talos.<\/p>\n

Producer prices rise less than expected<\/h2>\n

The Labor Department said Friday that the Producer Price Index for final demand rose<\/a> 0.3% in October, short of the 0.4% monthly increase economists had expected, after a revised 1.4% advance in September. Core prices, which exclude food and energy, increased 0.3%, matching forecasts. On an unadjusted basis, the headline index was up 6.5% from a year earlier, the largest 12-month rise since November 2022. The slightly cooler report took some pressure off the dollar, which still held above 103, but a December rate hike remains fully priced, leaving limited relief for the bitcoin price heading into the weekend.<\/p>\n

<\/p>\n

At the time of writing, the bitcoin price is near $69,800.<\/p>\n

This post Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High Bitcoin price traded near $69,800 on Friday morning after briefly crashing to about $67,555 around midnight Eastern, its lowest level since mid-August, according to Bitcoin Magazine Pro data. The rebound held after October producer prices rose less than economists […]<\/p>\n","protected":false},"author":0,"featured_media":251226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-251225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/251225"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251225"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/251225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/251226"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}