BLOOMBERG · 2026-11-13 03:22 UTC

Bitcoin Slips Below $70,000 as Higher Yields Weigh on Crypto

Bitcoin briefly fell below $70,000 to its lowest level since August 20, down as much as 2.2%, before trading around $70,200. Rising Treasury yields on inflation concerns weighed on non-yielding assets like crypto, even as Asian tech stocks advanced. Elevated oil prices, high inflation, expected Fed rate hikes, and tighter US crypto regulation expectations added pressure; US spot Bitcoin ETFs saw over $2.5 billion in net outflows from Oct. 30 to Nov. 11.

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