Key Takeaways
- • Bitcoin slipped below $65,000 on November 15, 2026, to $64,962, its lowest level since July, when it had traded near $62,000, according to CoinMarketCap data.
- • Total crypto market capitalization fell 2.91% to $2.19 trillion, approaching its lowest level since January 2026, with 24-hour trading volume of $112.42 billion.
- • Crypto ETFs recorded net outflows of more than $187 million through Friday, November 13, and the Crypto Fear & Greed Index sat at 12, in 'extreme fear' territory.
- • Bitcoin broke below its 200-day moving average of about $73,000, triggering liquidations; about $2 billion of crypto positions were liquidated in 24 hours, including $774 million in Bitcoin and $488 million in Ether.
- • Analysts cite AI equity competition for capital, including the pending Anthropic IPO, expectations of a Federal Reserve rate hike, and fallout from a $6 billion Binance hack as contributing pressures.
Summary
Bitcoin, the world's largest cryptocurrency, fell below $65,000 on Sunday, November 15, 2026, reaching $64,962, its lowest level since July, according to CoinMarketCap data. The decline followed a weekend sell-off in which leveraged long positions were liquidated, pushing Bitcoin to a four-month low, as reported by Bloomberg. Rich Rosenblum, co-founder of crypto market maker GSR, told Bloomberg the move may be technical, noting that Bitcoin "broke down through its 200-day moving average of about $73,000, which has caused a slew of liquidations and new shorts to develop."
Coinglass data showed roughly $2 billion of crypto liquidations across exchanges in the 24 hours through 9 a.m. Sunday in Singapore, including $774 million in Bitcoin and $488 million in Ether, with long positions accounting for the vast majority. Bloomberg noted that liquidation events exceeding $500 million over 24 hours have become a recurring feature of the market as sharp swings repeatedly flush leveraged traders.
Several factors were cited for the weakness. Richard Galvin, executive chairman of crypto investment firm DACM, said the impending initial public offering of Anthropic PBC may be drawing capital away from crypto, noting that price performance resembled the period around the SpaceX IPO earlier this year. "It appears crypto remains a short-term funding source, particularly for retail investors," Galvin said, adding that this was in addition to other macro headwinds. The article also cites expectations of a United States Federal Reserve rate hike and fallout from a $6 billion Binance hack.
Market data underscored the risk-off tone. Total crypto market capitalization fell 2.91% on the day to $2.19 trillion, nearing the low of $2.04 trillion reached in January 2026, with 24-hour volume of $112.42 billion. Bitcoin's dominance slipped 0.42% to 59.4%, while Ethereum fell 4.54% to $1,809.27 with a market cap of $221.13 billion. Crypto ETFs saw net outflows exceeding $187 million through Friday, November 13. The Crypto Fear & Greed Index stood at 12, in 'extreme fear' territory and close to its February 2026 reading of 5.
Stablecoins held steady, with Tether at $0.9995 and USDC at $0.9998. Binance Coin fell 3.53% to $594.65.
Coinglass data showed roughly $2 billion of crypto liquidations across exchanges in the 24 hours through 9 a.m. Sunday in Singapore, including $774 million in Bitcoin and $488 million in Ether, with long positions accounting for the vast majority. Bloomberg noted that liquidation events exceeding $500 million over 24 hours have become a recurring feature of the market as sharp swings repeatedly flush leveraged traders.
Several factors were cited for the weakness. Richard Galvin, executive chairman of crypto investment firm DACM, said the impending initial public offering of Anthropic PBC may be drawing capital away from crypto, noting that price performance resembled the period around the SpaceX IPO earlier this year. "It appears crypto remains a short-term funding source, particularly for retail investors," Galvin said, adding that this was in addition to other macro headwinds. The article also cites expectations of a United States Federal Reserve rate hike and fallout from a $6 billion Binance hack.
Market data underscored the risk-off tone. Total crypto market capitalization fell 2.91% on the day to $2.19 trillion, nearing the low of $2.04 trillion reached in January 2026, with 24-hour volume of $112.42 billion. Bitcoin's dominance slipped 0.42% to 59.4%, while Ethereum fell 4.54% to $1,809.27 with a market cap of $221.13 billion. Crypto ETFs saw net outflows exceeding $187 million through Friday, November 13. The Crypto Fear & Greed Index stood at 12, in 'extreme fear' territory and close to its February 2026 reading of 5.
Stablecoins held steady, with Tether at $0.9995 and USDC at $0.9998. Binance Coin fell 3.53% to $594.65.
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