Bitcoin Price Falls Under $70K: Why Is Crypto Market Bleeding Out?

Key Insights Bitcoin price slipped under $70,000 on Nov. 13, and the crypto market crash pushed the BTC price to its lowest level since August. More than $1.3B in crypto futures were liquidated within 24 hours as ETF outflows, inflation worries, and tech weakness added pressure. Analysts said thin liquidity and high leverage left the market open to sharp moves. Bitcoin (BTC) fell below $70,000 early on Nov. 13. It was the weakest level since Aug. 19, according to BTC price history . The drop extended a slide that began in mid-October. Traders also faced heavy liquidations across the market. Bitcoin Price Slips to $69,000 as Selling Gathers Pace Bitcoin price traded near $69,000 early Friday, according to CoinGecko data . BTC was down 17% for the quarter.

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