Bitcoin Falls 2.5% to a 3-Month Low | Crypto Wrap, Nov 13
Bitcoin fell 2.5% to US$69,556 on Friday, its lowest close in at least three months, as US yields rose and traders priced another Fed rate rise. The post Bitcoin Falls 2.5% to a 3-Month Low | Crypto Wrap, Nov 13 appeared first on The Rio Times .
Bitcoin fell to a three-month low of US$69,556 on November 13, 2026, marking a 2.5% decline and erasing most of its summer gains. The primary reason for the drop was rising US bond yields, with the 10-year Treasury yield reaching 5.14%, prompting traders to expect another Federal Reserve rate hike. This made the interest-free investment Bitcoin less attractive.
Large US-listed Bitcoin funds, such as BlackRock’s IBIT, also saw declines, with IBIT falling 3.5% to US$38.94. Ethereum and Solana experienced even steeper declines compared to Bitcoin. As crypto is now seen as a bet on interest rates, the rising yields and Fed rate hike expectations are contributing to the market weakness. While a cooler-than-expected US producer price report did not stop the selling, investors are closely watching the 10-year Treasury yield and Fed meetings for potential relief.
Bitcoin is 13.91% lower over 20 sessions and 11.0% lower over 60, and while history shows it has been higher 60% of the time after a similar-sized decline, history is not a definitive forecast.
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