Bitcoin (BTC) Price Sinks to August Lows as Anthropic IPO Draws Investor Cash

TLDR BTC trades near $68,700, down 4% on the day after bouncing from a 12-week low near $67,500. US producer prices rose 6.5% year over year in October, the largest annual gain since November 2022. CME FedWatch odds of a 25-basis-point December hike rose from 85.4% to 89.7%. Rekt Capital said a weekly close below $73,000 would be BTC’s third break of that support in 2026. BTC is down 17.7% in Q4, its second-worst quarter on record, per CoinGlass. Bitcoin is trading at $68,700 after a 4% drop on Saturday. The price bounced from a roughly 12-week low near $67,500 earlier in the session. Traders are watching whether that level holds into next week. The month has been rough for the market. BTC is down 11.2% in November so far.

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