BLOOMBERG · 2026-11-15 05:34 UTC

Crypto's Slow-Motion Selloff Leaves Traders Weary and Hopeless

Bitcoin fell toward $62,000 in weekend trading, its weakest level since July, as a decline that gathered pace in recent weeks accelerated into liquidations. US spot Bitcoin ETFs saw almost $3 billion in net outflows from Oct. 30 through Nov. 13, and stablecoin balances dropped by nearly $20 billion over the last month. The article cites the Binance hack, a 10-year Treasury yield above 5%, a stronger dollar and competition from the AI boom and Anthropic's upcoming IPO as headwinds.

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