Bitcoin Slides Below $70,000 as Rate-Hike Bets Weigh on Crypto
Bitcoin fell below $70,000 to its lowest level in nearly three months, while Ethereum slipped under $2,000, Market Talk reports.
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what happened
Bitcoin dropped below $70,000, reaching its lowest level in nearly three months. According to Market Talk, the decline reached as much as 4%, while Ethereum fell under the closely watched $2,000 mark, also near three-month lows.
Nic Puckrin of Coin Bureau sees the selloff as part of a broader retreat from risk and a link between crypto and tech stocks. Outflows from ETFs and MSCI's decision to remove Strategy from its indexes are also weighing on prices.
Hot U.S. inflation data boosted expectations of Fed rate hikes, and other central banks are also expected to tighten policy. That dims the appeal of assets that do not pay yield.
why it matters
For cryptocurrencies, higher rates and Treasury yields mean costlier money and less appetite for risky assets. The Fed's next steps remain the main driver for this segment.
market impact
Crypto: expectations of tighter Fed policy and risk aversion pressure Bitcoin and Ethereum
- Bitcoin pressure down — rate-hike expectations and risk aversion reduce appetite for the cryptocurrency
- Ethereum pressure down — the crypto selloff hit the whole market, pushing Ethereum below $2,000
tags
instruments
on polymarket
sources
- Five-Year Treasury Yield Seen as Attractive — Market Talk, 13 November 2026 at 06:59 UTC
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