November 14, 20261 min read0 views

Bitcoin Falls 14% in a Week as Weekend Selling Breaks Friday’s Low

At 10:30 a.m. ET on Saturday, Nov. 14 (15:30 UTC), Bitcoin was at $65,178 after weekend selling broke below Friday’s low and pushed it to its weakest level since mid-August.

BTC had traded near $75,750 on Nov. 7, leaving the price down about $10,500 over seven days. On Saturday, bitcoin dipped to roughly $65,500, below Friday’s trough near…

Reading Level🟢BeginnerNo prior crypto knowledge needed

Listen to this article

At 10:30 a.m. ET on Saturday, Nov. 14 (15:30 UTC), Bitcoin was at $65,178 after weekend selling broke below Friday’s low and pushed it to its weakest level since mid-August.

BTC had traded near $75,750 on Nov. 7, leaving the price down about $10,500 over seven days. On Saturday, bitcoin dipped to roughly $65,500, below Friday’s trough near $67,555, then hovered around $65,200.

A brief recovery above $70,000 after Friday’s producer-price report lasted only minutes. Bitcoin spent most of Friday afternoon below that mark, near $68,900, before selling intensified in the evening and extended into Saturday.

The Producer Price Index for final demand increased 0.3% in October, below economists’ 0.4% expectation; the annual gain was 6.5%, the largest 12-month increase since November 2022. The 10-year Treasury yield reached 5.17% Friday and closed at 5.15%, while the dollar index held at its highest level in 19 months. U.S. stock and bond markets were closed Saturday.