Bitcoin Price Crashes to $72,700 as Leveraged Traders Buy the Dip: Is the Bottom In?
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Bitcoin fell below $73,000 on Thursday, November 12, extending a week-long crypto market crash in which traders who bet on a rebound were forced out of their positions again and again. Bitcoin touched $72,735 on Binance, a hair above Tuesday’s $72,727 low and its weakest price since August 20. It trades at $72,969, down 9.4% from the November 4 close. BREAKING: $BTC just fell to its lowest level since August. Over $210 million worth of longs liquidated in the past 24 hours. The dumping continues… pic.twitter.com/R7NVGivFnD — Crypto Rover (@cryptorover) November 12, 2026 The altcoins are doing worse. Over seven days, Ethereum has lost 16.4%, Solana 14.7% and XRP 21.3%. CoinGecko values the whole crypto market at $2.42 trillion on Thursday, and Bitcoin makes up 60.5% of it.
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