Bitcoin slides below $70,000 on strong dollar
Bitcoin fell to around $68,500 and is on track for its first consecutive annual decline, with traders puzzled by the lack of a clear catalyst.
Confirmed
- Bitcoin fell below $70,000, to around $68,500, as a stronger dollar weighed on crypto
- Bitcoin is down over 21% in 2026, after a 6.3% fall in 2025
- Bitcoin needs $87,500 by year-end to avoid a second consecutive annual decline
Not yet known
- Unconfirmed: whether a break below $69,000 would expose $65,000
- Whether large spot selling is behind the drop; no clear catalyst is identified
- Unconfirmed: whether a further 20% fall is possible
What we know
CoinDesk reports Bitcoin fell below $70,000 as a stronger dollar weighed on crypto. The Block cites 21Shares saying a break below $69,000 could expose $65,000. CoinDesk adds BTC is down over 21% in 2026 after a 6.3% fall in 2025 and needs $87,500 by year-end to avoid consecutive annual declines. One trader notes the drop looks like large spot selling with no obvious catalyst, while another warns of a possible further 20% fall; both are unconfirmed views.
Will the price of Bitcoin be above $70,000 on November 13?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $279k traded · updated 16:50 UTC
Bitcoin annual price change, 2025 vs 2026
Sources
“Bitcoin tumbles below $70,000 as a stronger dollar weighs on crypto markets”
View post →“Bitcoin is on track for its first-ever consecutive annual declines”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.