Bitcoin drops below $70,000 amid Nvidia CEO resignation, Fed rate‑hike bets and MSCI exclusion
On 13 Nov 2026 Bitcoin fell below $70,000, reaching a low of $68,770 as the market reacted to Nvidia CEO Jensen Huang’s resignation, rising expectations of a December Fed rate hike and MSCI’s decision to remove MicroStrategy from its indexes. The sell‑off triggered roughly $622 million of crypto‑futures liquidations, most of them long positions. U.S. spot Bitcoin ETFs recorded net outflows of $595.98 million over three business days, adding further pressure on demand.
Why it matters
The sharp price decline and large liquidation wave increase short‑term volatility and may erode investor capital, especially for leveraged traders (the company notes the $622 million liquidation figure). Ongoing ETF outflows suggest weakening institutional appetite for Bitcoin, which could suppress price recovery.
Key facts
- 1Bitcoin fell to a low of $68,770 on 13 Nov 2026. coinpedia.org
- 2Crypto‑futures liquidations totalled about $622 million, with most from long positions. coinpedia.org
- 3Net outflows from U.S. spot Bitcoin ETFs amounted to $595.98 million over three business days. finance.biggo.com
- 4The U.S. Dollar Index rose above 103, its highest in roughly 19 months. crypto.news
- 5MSCI announced it will remove MicroStrategy from its indexes after 30 Nov 2026. crypto.news
Open questions
- Material 2 reports $1.44 billion of ETF outflows over five days, while material 1 reports $595.98 million over three days; the differing time frames create a conflict in total outflow magnitude.
Summary written by AlphAI AI Desk from 20 of 60 sources. Not investment advice. Figures are as stated by the linked sources.