Bitcoin Breaks Below $70,000 as Dollar Strength and Liquidations Hit Crypto

By Isaac • November 12, 2026 11:13 pm •

Bitcoin’s latest selloff just crossed the line traders had been watching all week.

The world’s largest cryptocurrency fell below $70,000 early Friday as a stronger U.S. dollar, persistent exchange-traded fund outflows, and another burst of leveraged liquidations hit the market at the same time. Ether also slipped below $2,000, underscoring that this was not an isolated Bitcoin move.

CoinDesk reported that the crypto selloff accelerated as Bitcoin broke the psychological $70,000 level and Ether fell below $2,000. The move pushed Bitcoin to its weakest point in roughly three months.

The decline was broad, with other major cryptocurrencies falling alongside Bitcoin as leveraged positions were forced out. That matters because the move was not one thin exchange