Bitcoin Holds Below $70,000 as Risk-Off Mood Pressures Crypto

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 13, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Bitcoin dropped below $70,000 on Friday, marking its first time under that threshold since August, while Ethereum fell beneath $2,000 to hit three-month lows. LSEG data indicates the primary cryptocurrency is on track for its sixth consecutive weekly loss, having declined more than 21% from its late September peak. CoinGlass reports that crypto exchange-traded funds experienced approximately $1.57 billion in outflows over the preceding five trading days.

Background

• Nic Puckrin of Coin Bureau attributed the decline to a broader risk-off sentiment in technology stocks, exacerbated by the removal of Strategy from MSCI indices.
• Ranim Turfa of Tickmill noted that persistent U.S. inflation and expectations of further Federal Reserve rate hikes are reducing demand for non-yielding assets.
• A stronger U.S. dollar and liquidations in artificial intelligence and tech sectors have created additional headwinds for crypto demand.

Read the full article at wsj.com

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