Bitcoin (BTC) was $63,775 at 7:31 p.m. ET Nov. 14 (12:31 a.m. UTC Nov. 15) as its decline from an October high topped 24%, extending a retreat that continued after the token fell below $72,000 on Nov. 12.
BTC broke below $72,000 on Nov. 12, and its later move near $64,000 extended the decline. The loss from October’s high has now passed 24%. A drawdown compares a current price with a prior peak, capturing the broader retreat rather than a single day’s move.
The two reference points describe different parts of the slide: the Nov. 12 break marks a point along the move, while October’s high is the baseline for the broader drawdown.
A comparison with a potential SpaceX initial public offering offers a bullish scenario. That analogy does not establish that Bitcoin selling is close to ending. The price milestones show that the retreat continued after the $72,000 break and has left the token more than 24% below its October high.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
