Why Is Bitcoin Dropping Today? 12-Week Low as Dollar Climbs
Bitcoin fell 4.42% to $68,377 on Nov. 13 (CoinGecko). The main reason: money got more expensive, as the US dollar index rose to 103.38 and the 10-year Treasury yield reached 5.15%. That pressure turned into forced selling, and CoinDesk reports more than $1.6 billion in leveraged bets were liquidated as BTC hit a 12-week low.