Bitcoin Price Crash: BTC Falls Below $70,000 As $622 Million Liquidated

Published by

Anjali Belgaumkar

November 13, 2026

Gold Bitcoin coin beside falling red chart arrow and US stock exchange building

Bitcoin broke below $70,000 on Friday for the first time in months, sliding from a 24-hour high of $73,866 to a low of $68,943 on Binance before falling further to around $68,770, according to CoinGecko. That leaves BTC down 6.6% over 24 hours and 9.5% over the past week. The drop triggered a wave of forced selling. CoinGlass data showed $622 million in liquidations across exchanges in four hours, with $549 million coming from traders betting on higher prices and $72.46 million from short sellers. Ether fell 6% to $1,925.57, extending its weekly loss to 13.7%, while BNB dropped 6.9% to $631.89. Tether held its dollar peg. The selloff comes as markets reel from Jensen Huang’s resignation at Nvidia, rising odds of a December Fed rate hike and fresh tensions after President Trump ruled out a deal with Iran.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.