DECRYPT · 2026-11-13 17:23 UTC

Bitcoin Hits 12-Week Low as Fed Rate Fears Undo Most of Summer Rally

Bitcoin fell to roughly $68,500 on Friday, its lowest level in 12 weeks, down about 9.5% for the week and erasing most of its late-summer rally. Fed Chicago President Austan Goolsbee said inflation had spread beyond energy and tariffs, and Fed Governor Waller backed at least a 25-basis-point hike at the December meeting. U.S. spot Bitcoin ETFs logged six straight sessions of net outflows totaling about $1.49 billion between November 5 and 12.

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