Bitcoin Falls to 3-Month Low

2026-11-13 04:14 By Kyrie Dichosa 1 min. read

Bitcoin fell more than 3% to below $70,000, hitting its lowest level since mid-August, as rising bond yields weighed on non-yielding assets.

Treasury yields have surged following stronger-than-expected US inflation data, with persistent inflation concerns further compounded by elevated oil prices and hawkish comments from Federal Reserve officials.

Some policymakers have suggested that a 50 bps rate increase may be warranted to bring inflation under control.

Meanwhile, Democrats’ victory in the November midterm elections, which gives them control of both chambers of the US Congress starting next year, has raised expectations of increased regulatory scrutiny on the crypto industry.

At the same time, institutional demand has weakened, with US-listed spot Bitcoin ETFs recording more than $2.5 billion in net outflows between October 30 and November 11, marking a second consecutive week of institutional investor withdrawals.



News Stream
Bitcoin Falls to 3-Month Low
Bitcoin fell more than 3% to below $70,000, hitting its lowest level since mid-August, as rising bond yields weighed on non-yielding assets. Treasury yields have surged following stronger-than-expected US inflation data, with persistent inflation concerns further compounded by elevated oil prices and hawkish comments from Federal Reserve officials. Some policymakers have suggested that a 50 bps rate increase may be warranted to bring inflation under control. Meanwhile, Democrats’ victory in the November midterm elections, which gives them control of both chambers of the US Congress starting next year, has raised expectations of increased regulatory scrutiny on the crypto industry. At the same time, institutional demand has weakened, with US-listed spot Bitcoin ETFs recording more than $2.5 billion in net outflows between October 30 and November 11, marking a second consecutive week of institutional investor withdrawals.
2026-11-13
Bitcoin Hits 3-Month Low
Bitcoin fell below $73,500, reaching its lowest level since mid-August, as hotter-than-expected US inflation strengthened expectations of further interest rate hikes and weighed on demand for riskier assets. The decline brings its losses for the year to around 16%. US core consumer prices rose 0.3% month-on-month in October, exceeding market expectations, while headline inflation accelerated to 0.4%. Ahead of the inflation release, Fed Governor Christopher Waller had signaled that a 50 basis point rate increase in December should be considered if core inflation came in at 0.3% or higher. Meanwhile, Dallas Fed President Lorie Logan indicated after the release that a faster pace of rate hikes may be possible. Markets subsequently increased bets on further rate hikes through mid-2027. This drove Treasury yields and the US dollar higher, adding to pressure on cryptocurrencies.
2026-11-11
Bitcoin Hits 3-Month Low
Bitcoin fell to a three-month low, dropping as much as 3% to $73,100, as hotter-than-expected US inflation and expectations of further interest rate hikes weighed on demand for riskier assets. The decline brings its losses this year to around 17%.
2026-11-10