Bitcoin has fallen below $67,000 for the first time in nearly three months, extending a sharp market sell-off that has also pushed Ethereum below $1,900, XRP under $1, and Solana below $75. The latest decline adds to a correction of more than 20% from Bitcoin's September high, putting the cryptocurrency in bear market territory by the commonly used 20% drawdown measure.
The pressure is coming from several directions. Spot Bitcoin ETFs have recorded sustained withdrawals, US inflation remains a concern, and a stronger dollar has weakened demand for risk-sensitive assets. At the same time, bearish forecasts are growing louder as market sentiment reaches extreme fear levels.
Yet not everyone sees the decline as a reason to exit. Some traders view the lower prices as a potential buying opportunity, leaving the market divided over whether Bitcoin is approaching a bottom or has further to fall.
Bitcoin Breaks Below $67,000 as Major Altcoins Slide
Bitcoin dropped to around $66,500 on November 14, its lowest level since August. The move followed a brief recovery toward $70,000 on Friday that failed to hold, showing that buyers have struggled to regain control.
The weakness spread across the largest cryptocurrencies. Ethereum fell below $1,900, XRP traded under the psychologically important $1 level, and Solana slipped below $75. These declines show that the selling pressure is not limited to Bitcoin.
The latest move extends the decline covered in our report on Bitcoin falling below $69,000 as crypto liquidations topped $1.2 billion. Bitcoin has now moved through another major price level, while the broader market continues to struggle.
A fall of more than 20% from a recent high is commonly used to define a bear market. Bitcoin's decline from its September peak therefore places it within that territory, although the label alone does not determine how long the downturn will last. Track the BTC price data for the latest price action.
ETF Outflows Add to Bitcoin's Selling Pressure
Institutional demand has weakened during the decline. US spot Bitcoin ETFs have recorded consecutive sessions of net withdrawals, with approximately $1.44 billion leaving the products over five trading sessions.
BlackRock's iShares Bitcoin Trust (IBIT) has also faced significant redemptions. The fund recorded roughly $2 billion in outflows across nine consecutive sessions through November 12, making it a major contributor to the recent withdrawal trend.
ETF flows have become an important indicator of institutional interest in Bitcoin. When investors withdraw money from these products, fund providers may need to sell underlying Bitcoin to meet redemptions, potentially adding to market pressure.
Altcoin Buzz previously examined this trend in its report on $1.44 billion leaving Bitcoin ETFs in five straight sessions. Continued withdrawals could make it harder for Bitcoin to find support if other sources of buying demand remain weak.
Hot Inflation and a Stronger Dollar Weigh on Crypto
Macroeconomic conditions are adding another layer of pressure. October's US Consumer Price Index rose 0.4% month over month, above the 0.3% increase economists expected. Core inflation also came in at 0.3%, compared with forecasts of 0.2%.
The hotter reading has increased concerns that the Federal Reserve may keep monetary policy tighter for longer or consider another rate increase. Higher interest rates can reduce demand for assets such as Bitcoin by making cash and interest-bearing investments more attractive.
The US dollar has also strengthened, with the Dollar Index moving above 103 and reaching its highest level since April 2025. A stronger dollar can weigh on dollar-priced assets, particularly when investors are already reducing exposure to riskier markets.
Technology stocks have faced pressure as well, adding to the broader risk-off mood. These factors do not prove that any single event caused Bitcoin's decline, but together they have created an unfavourable environment for crypto markets.
Peter Schiff Sees a Possible Drop Toward $16,500
The price decline has given Bitcoin critics another reason to argue that the market could face a much deeper correction.
Economist and longtime Bitcoin critic Peter Schiff has warned that a break below $50,000 could accelerate the decline toward Bitcoin's 2022 low of around $16,500. He said a return to that level before the end of the year would not surprise him.
Schiff's forecast is a conditional downside scenario, not a prediction that Bitcoin will necessarily reach those prices. His warning comes as Bitcoin trades below its November 2021 high, a level he has also highlighted when arguing that the cryptocurrency has entered a long-term bear market.
His comments reflect one side of the current debate. A sustained decline below major support levels could weaken confidence further, particularly if ETF withdrawals continue and macroeconomic conditions remain unfavourable.
However, extreme price targets should be treated cautiously. Bitcoin has experienced large corrections in previous market cycles before recovering, and a decline below $50,000 is not yet an established outcome.
Extreme Fear Divides Traders Over Whether to Buy
Market sentiment has deteriorated alongside prices. The Crypto Fear and Greed Index fell to 13 on November 14, placing the market firmly in the extreme fear category.
Crypto Fear and Greed Index reading: 13 - Extreme Fear, November 14, 2026.
Such readings indicate that investors are broadly pessimistic. They do not, however, confirm that a market bottom has formed.
Some traders interpret extreme fear as a potential opportunity to accumulate assets at lower prices. Others remain cautious, arguing that buying too early during a sustained downtrend can expose investors to further losses.
The recent sell-off has also shown how quickly leveraged positions can amplify market moves. In our coverage of more than $1.3 billion in crypto liquidations as Bitcoin fell below $70,000, we explained how forced closures of bullish positions added to the selling pressure.
Can Bitcoin Find Support After Losing $67,000?
Bitcoin's next move will depend on whether buyers return after the latest breakdown. A recovery above $67,000 would be an initial sign that the market is attempting to stabilise, but it would not by itself confirm a reversal.
Investors will continue watching ETF flows, inflation data, Federal Reserve expectations, and the strength of the US dollar. A slowdown in withdrawals and a recovery in risk appetite could help Bitcoin regain ground. Continued outflows and further macroeconomic pressure could leave the market vulnerable to another decline.
For now, the break below $67,000 has deepened concerns about a broader bear market. With Ethereum, XRP, and Solana also losing important price levels, the next few sessions could help determine whether the market is beginning to stabilise or entering another leg lower.
