[DigitalToday reporter Hyunwoo Choo] Bitcoin regained the $65,000 level on the 15th. It rebounded after falling below $62,000 the previous night and hitting its lowest level since July, blockchain outlet The Defiant reported on Nov. 15 (local time).
On Coinbase's BTC-USD market, Bitcoin slid as far as $61,946 based on the 1-minute chart at 8:45 p.m. Eastern time on Nov. 14. Bitstamp also printed $61,946 at the same time, confirming the low at both exchanges. On a daily chart basis on Coinbase, it was the first time Bitcoin fell below $62,000 since July 13 (UTC). That was 0.94 percent lower than the intraday low of $62,534 logged earlier at 8:08 p.m., meaning it dipped once more within 37 minutes.
The rebound was large, but trading was uneven. At 7:12 a.m. on the 15th, the Coinbase price was $65,330, up 5.5 percent from the low. Bitcoin recovered $65,000 during the 9 p.m. hour on the 14th, then retreated to around $63,726 between 2 a.m. and 3 a.m. on the 15th before rising again.
Compared with recent highs, the decline remains steep. This low was 27 percent below the Oct. 21 intraday high of $84,856 on Coinbase. Even after the rebound, it was about 23 percent lower. Against the record high of $126,296 set on Oct. 6 last year, the low was about 51 percent lower. This drop is measured from the intraday high, not the closing price.
Outflows are also continuing. According to Farside Investors, U.S. spot bitcoin exchange-traded funds (ETFs) posted net outflows for seven consecutive sessions from Nov. 5 to 13. Net outflows totaled about $1.91 billion.
