According to Fixygen, the global cryptocurrency market continued to decline during the week of November 7–13, 2026, amid capital outflows from U.S. spot exchange-traded funds (ETFs), growing expectations of interest rate hikes in the U.S., and index provider MSCI’s decision to remove Strategy, the largest corporate holder of Bitcoin, from its indices. Bitcoin fell below $70,000 for the first time since August, while Ethereum dropped to a three-month low.
According to CoinGlass, during trading on November 13, Bitcoin fell to $67,449 from $75,748 at the close on November 7. Thus, the decline from the previous Saturday’s closing price to the intraday low was approximately 11%. On Friday afternoon, the leading cryptocurrency traded mostly in the $68,000–$69,500 range.
Previous price movement from the close on November 7 through November 13; Friday’s trading session is not yet over. The Ethereum price is approximate. ETF — data provided by Farside Investors.
A new wave of sell-offs in the digital asset market began after relatively stable trading in the early days of the week. According to CoinGlass, Bitcoin closed at around $74,600 on November 8, rebounded to $75,200 on November 9, but fell to $73,700 on November 10. After a slight recovery on November 11, selling pressure intensified. By the end of November 12, Bitcoin closed at around $71,300, having lost 3.5% over the course of the day. The following day, prices fell below $70,000, reaching their lowest level since August.
According to LSEG data cited by The Wall Street Journal on November 13, Bitcoin was heading toward its sixth consecutive week of decline. Compared to its local highs in late September, the price of the leading cryptocurrency has fallen by more than 21%.
Ethereum also showed negative momentum. According to The Wall Street Journal, on November 13, the price of the second-largest cryptocurrency fell to $1,951, its lowest level in about three months. Over the course of less than a week, Ethereum lost about 13% of its value.
The decline also affected altcoins. During Friday’s sell-off, Solana fell below $80, while XRP approached $1, according to Coinbase trading data cited by industry analytics sources.
One of the main factors putting pressure on the cryptocurrency market remained capital outflows from U.S. spot ETFs.
According to Farside Investors, over the four completed trading sessions from November 9–12, net outflows from Bitcoin ETFs totaled approximately $643.5 million.
Negative results were observed every day: on November 9, investors withdrew $201 million; on November 10, $95 million; on November 11, $299.8 million; and on November 12, $47.7 million.
The largest outflow on November 11 occurred from BlackRock’s iShares Bitcoin Trust (IBIT), from which investors withdrew $269.7 million. Over the first three trading sessions of the week, the total outflow directly from IBIT reached $561.1 million.
U.S. spot Ethereum ETFs recorded a net outflow of approximately $338.7 million from November 9–12. Of this amount, $184.6 million occurred on November 9, and $144.8 million on November 11.
The total outflow from these two fund categories over four trading days reached approximately $982 million. The prolonged outflow of capital from ETFs indicates a decline in institutional demand for cryptocurrency investment products. In an environment of relatively low liquidity, such flows can exacerbate price volatility in digital assets.
Binance, BITCOIN, CRYPTOCURRENCY, ETF, Ethereum, INVESTMENTS, STRATEGY
