Johnny Rice, The Motley Fool Fri, November 13, 2026 at 1:35 PM EST 2 min read BTC-USD -3.68% ^GSPC -0.46% NVDA -2.04% ^IXIC -0.85% Trade BTC on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Bitcoin (CRYPTO:BTC) is falling today, down about 4.7% in the last 24 hours as of 1:11 p.m. ET on Friday, Nov. 13, after a stronger dollar and rising expectations of a Fed rate hike pushed it below $70,000 overnight.
The S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) are down 0.8% and 1.2%, respectively.
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Overnight, Bitcoin fell to around $68,000, its lowest since August of this year. The main driver was Tuesday's hotter-than-expected inflation data, which raised expectations of a rate hike. At the same time, long-dated U.S. Treasury rates are on the rise, with the yield on the 10-year reaching 5.13%.
When long-term Treasuries pay more, investors tend to move away from riskier assets like crypto, preferring the security of bonds.
At the same time, more thion of leveraged crypto positions were liquidated in under 24 hours, accelerating losses.
If the Fed hikes in December as expected -- a quarter point is all but assured at this point -- that pressure doesn't go away. I think Bitcoin and crypto at large will continue to see pressure for some time.
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Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
Why Bitcoin Is Falling Today was originally published by The Motley Fool
