nuNov 13, 2026, 09:09

Bitcoin drops below $70,000 as high US inflation scares off investors

Bitcoin's value has fallen below 70,000 dollars following concerns over high American inflation and potential interest rate hikes by the Federal Reserve. This downward trend is further exacerbated by significant capital withdrawals from Bitcoin funds and expectations of tighter cryptocurrency regulations.

The price of Bitcoin has dropped below 70,000 dollars, reaching 67,628 dollars, which marks its lowest point since August 19. This decline follows a 3.8 percent loss recorded on Thursday and contributes to a significant downturn from the record highs of over 126,000 dollars seen in October 2025.

Investors are retreating due to concerns over persistent inflation and rising oil prices in the United States, which have fueled expectations of further interest rate hikes by the Federal Reserve. Higher borrowing costs make speculative assets like cryptocurrencies less attractive compared to traditional savings. Additionally, market sentiment has been dampened by the expectation of stricter regulatory oversight and massive capital outflows, with reports indicating that over 2.5 billion dollars was withdrawn from American Bitcoin funds between October 30 and November 11.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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