Bitcoin ended Friday, November 13, 2026 at US$69,556, its lowest close in at least three months. It has lost 13.91% over 20 sessions and is back near August levels, erasing most of the summer rally.
The cause is the price of money. Persistent inflation has pushed US bond yields to 5.14%, and traders now expect the Federal Reserve to raise interest rates again, which makes a coin that pays nothing less attractive.
The biggest US-listed Bitcoin fund, BlackRock’s IBIT, fell 3.5% to US$38.94. Ethereum and Solana fell harder than Bitcoin over the month, as they usually do when investors cut risk.
What matters today. Crypto is trading as a bet on interest rates, and with yields rising it is losing.
01 The session in one read
Bitcoin slipped below US$70,000 on Friday, November 13, 2026, finishing at US$69,556. It was the second straight down day and the lowest close in at least three months.
The slide matters because Bitcoin has now given back most of its summer gain. Its 12-month low of 58,559 on 2026-06-30 is 18.8% below the current price, so the cushion is thinner than it was.
The best-supported reading is that rising yields and hike expectations are draining money from risk assets, with weakness in US-listed Bitcoin funds adding to the slide. We are fairly confident in that ranking, but the day itself had mixed signals, because a cooler US producer-price reading did not stop the selling. The variable to watch is the 10-year Treasury yield: a retreat from 5.14% would ease the pressure.
Crypto — the daily wrap.02 The board
All four big coins fell together: Bitcoin -2.50%, Ethereum -2.33%, Solana -1.99% and XRP -1.23%. XRP, at US$1.0399, held up best on the day.
Over five sessions the gap widens: Bitcoin is down 6.74%, Ethereum 7.12% and Solana 8.93%. Smaller coins fall further because fewer buyers stand behind them.
Source: RT close, 2026-11-13. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
Latin America — Cross-Market Board
03 Why it moved
First and heaviest is the cost of money. The 10-year Treasury yield rose 31 basis points in five sessions to 5.14%, and the dollar index gained 1.09% over the same period to 103.41. Markets are betting the Fed may raise rates again.
The signals conflict. The S&P 500 slipped only 0.40% on the day and has gained 2.51% over five sessions, while the VIX fear gauge fell 24.73% over five sessions to 19.30. Stocks are calm and crypto is not, which points to crypto-specific selling by leveraged traders rather than a market panic.
Our confidence is medium: rates are well evidenced, but forced selling is inferred from the pattern.
From the RT economic calendar: US producer prices rose 0.3% in October against 0.4% expected, and the core measure, which strips out food and energy, rose 0.3% as forecast, or 5.0% on the year. The 10-year Treasury yield still rose to 5.14%, so the milder headline reading did not ease the pressure.
04 The trend behind it
Bitcoin is 13.91% lower over 20 sessions and 11.0% lower over 60. It is 19.7% below the 86,603 peak of 21 September, so this is a continuation of a month-long retreat, not a fresh shock.
Ethereum has fallen 16.39% in 20 sessions and 21.7% in 60, and Solana 20.55% in 20 sessions. Our own price history since 2010 shows that after 92 earlier falls of this size Bitcoin was higher 20 sessions later in 55 cases (60%), with a median gain of 3.0% and a worst case of 46.2% lower.
For Ethereum the odds were a coin toss: higher in 31 of 64 cases, with a median of -0.3%. History is not a forecast.
05 What it means for Latin America
Dollar-linked stablecoins, tokens pegged to the US dollar, are widely used for payments and savings across Latin America, so part of local crypto use is shielded from Bitcoin’s price fall.
Argentines use dollar tokens such as Tether’s USDT to protect savings from the peso’s weakness. A falling Bitcoin does not touch that, but a stronger dollar index, up 0.23% on the day, makes local currencies buy less.
El Salvador, which holds Bitcoin in its state reserves, is the most exposed government, because the fall shows up as a paper loss.
Remittances are the quiet winner: families sending dollars home through stablecoins pay no price risk, whatever Bitcoin does.
06 The names to watch
The names to watch are the funds and companies that hold Bitcoin. IBIT, BlackRock’s US-listed Bitcoin fund, fell 3.5% to US$38.94 on Friday, and Ethereum, at US$1,970, has fallen further than Bitcoin from its September peak.
07 What would end it
The levels are clear. For Bitcoin, the 12-month low of 58,559 is the floor and the round 70,000 mark is the first resistance, with 86,603 far above; Ethereum’s floor is 1,565 and Solana’s is 62.19.
The catalyst is the next US inflation reading and the Fed’s next meeting. If yields stop rising and the US-listed Bitcoin funds stabilise, the selling should fade, but if the Fed signals a rate rise the 12-month lows come into view.
08 What to watch
What Prediction Markets Say
Polymarket, where users bet real money, lists a market on the prices Bitcoin will hit in November 2026, with US$7.03 million traded as of 8:05 p.m. ET, 13 November 2026. It prices a dip to US$67,500 at 84.5%, a rise to US$70,000 at 73.5%, a dip to US$65,000 at 54.5% and a rise to US$72,500 at 46.0%.
These prices are bets, not polls. They show traders expect Bitcoin to stay in a wide range around US$70,000 this month, with a further dip more likely than not.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
Frequently Asked Questions
Why did Bitcoin fall on Friday?
Mainly because US bond yields rose to 5.14% and traders expect another Fed rate rise, while the biggest US-listed Bitcoin fund fell 3.5%.
How low is Bitcoin compared with its peak?
It closed 19.7% below its 12-month high of 86,603 from 2026-09-21.
Does this hurt Latin Americans using crypto?
Less than it seems for savers who use dollar-linked stablecoins, which hold their value, though Bitcoin holders and El Salvador’s state reserve lose on paper.
Will Bitcoin rebound?
After 92 earlier falls this size it was higher 20 sessions later 60% of the time, but history is not a forecast.