Crypto Market Downturn: Bitcoin Below $64K, Altcoins Drop 22%

Bitcoin dropped to $63,863 on November 15, 2026—a 4.97% fall in 24 hours, according to CoinGecko. The damage spread fast. Ether, XRP▼$0.9515 and solana each lost 22% over the week, while Bitcoin fell 17%, as bond yields climbed, investors locked in losses and margin calls from the AI selloff cascaded through portfolios. The decline pushed BTC▼$64,716.00 to a three-month low just above $62,000, raising the question of where relief might come. Analysts and strategists point to the December Fed decision as a potential turning point in this crypto market downturn.

✨Bitcoin Falls Below $64,000 as Crypto Market Downturn Deepens in November
🎯Visser, Check and Lee Offer Different Explanations for BTC Selling
🔸September Bitcoin Buyers Face a Return to Summer Prices
📎Bitcoin's Weekly Loss Trails Ether, XRP and Solana
🔷BitFuFu's October Update Shows a Different Side of BTC Holdings
⚠️BTC Recovery Risks Center on Rates and Continued Selling
🟢December's Fed Decision Becomes a Possible Bitcoin Catalyst
❓FAQ

Bitcoin Falls Below $64,000 as Crypto Market Downturn Deepens in November

How far has the Bitcoin selloff spread?

Bitcoin and several of the largest alternative cryptocurrencies suffered substantial weekly declines. Ether, XRP and solana each lost 22%, putting their weekly falls five percentage points beyond Bitcoin’s 17% decline.

The token touched a fresh three-month low just above $62,000 as the selling continued. That brought BTC back into the broad price territory where analyst James Check said some investors had hesitated to buy during the summer.

How did the November decline develop?

BTC fell below $73,000 on November 10. The break below $72,000 on November 12 marked another deterioration, followed by the later three-month low.

Bitcoin and ether subsequently rebounded after another sharp drop. By November 15, however, BTC remained below $64,000 and its 24-hour change was still negative. The bounce occurred within a downturn that had already inflicted double-digit weekly losses across several major tokens.

Visser, Check and Lee Offer Different Explanations for BTC Selling

Why does Jordi Visser blame the bond market?

Speaking with Anthony Pompliano on the Pomp Podcast, Wall Street veteran Jordi Visser argued that crypto investors had underestimated the bond market’s influence on Bitcoin. He cited a weekly increase of 35 basis points in two-year yields and connected that move to BTC’s decline.

Visser’s explanation centers on inflation fears and interest-rate expectations. He argued that those fears need to ease for the Fed to stop raising rates, and that a change in the liquidity backdrop would help Bitcoin recover. His outlook still included further tightening—at least two more rate increases, he said, with December’s size mattering enough to change Bitcoin’s direction.

Which sellers do Check and Tom Lee identify?

Check described the decline as the fourth capitulation event since Bitcoin’s all-time high. His assessment focused on investors who passed on BTC in the mid-to-high $60,000s during the summer, bought in the $80,000s in September and were now selling at a loss.

Fundstrat’s Tom Lee offered another source of pressure: margin calls associated with the AI and Nvidia selloff, particularly among Asian retail investors. His explanation points to investors selling crypto while facing pressure elsewhere in their portfolios. Visser placed a different emphasis on that connection, saying the AI selloff had affected Bitcoin the previous week but considered the liquidity side of the market more relevant to its immediate direction.

September Bitcoin Buyers Face a Return to Summer Prices

How does Check describe the reversal in investor behavior?

Check’s account traces a shift from hesitation to chasing higher prices and then realizing losses. Investors who wanted cheaper Bitcoin during the summer eventually entered after BTC moved into the $80,000s, only to sell when it returned to prices they had previously considered attractive.

For that group, the November decline erased the benefit of waiting for stronger momentum before buying. Check’s explanation centers on the decisions of those late entrants and their willingness to exit after the market reversed.

Why does Check call this a deep-value zone?

Check characterized Bitcoin’s position as a deep-value zone, comparing it with earlier periods in February and late June of 2026, as well as late 2022. That valuation judgment does not mean the bottom is in. His view that investors gradually entering at such levels could eventually become profitable remains a forward-looking assessment, with further losses still possible before any recovery.

Bitcoin’s Weekly Loss Trails Ether, XRP and Solana

What makes this a broader crypto market downturn?

The weekly declines covered Bitcoin, ether, XRP and solana, spreading the damage across several of the market’s largest assets. Bitcoin’s 17% loss was severe, while the three other tokens each surrendered more than a fifth of their value over the week. The five-percentage-point gap shows how much harder those assets fell over the same interval.

Why are recent Bitcoin buyers under pressure?

The September purchases described by Check occurred in the $80,000s. Selling in the $60,000s locks in a loss for those positions, adding an investor-behavior dimension to the discussion of yields and monetary policy. His assessment also explains why a return to an earlier price range can feel very different to different holders. The immediate recovery challenge therefore has both a macroeconomic and a holder component. Visser looks for relief from interest-rate fears, while Check identifies investors already abandoning positions after the reversal.

BitFuFu’s October Update Shows a Different Side of BTC Holdings

How did the miner’s Bitcoin balance change?

Singapore-based, Nasdaq-listed miner BitFuFu held 1,454 BTC at October’s end, up from 1,388 BTC at September’s end. That 66-BTC increase represented 4.8% month-over-month growth. The company had increased its Bitcoin holdings for three consecutive months. Chairman and CEO Leo Lu reiterated its commitment to increasing those holdings, giving the operating update a longer-term treasury focus. These were October balances, preceding the later increase in November selling pressure.

Why did production fall while holdings increased?

BitFuFu mined 137 BTC in October, down from 167 BTC in September—a decline of about 18%. Its production consisted of 67 BTC from self-mining and 70 BTC from cloud mining. The production reduction was attributed mainly to an approximately 11.8% increase in mining difficulty during October. Managed hashrate edged up to 19.5 exahashes per second from 19.4 EH/s in September, leaving the company’s mining power relatively stable despite lower output. For the miner, the challenge was maintaining accumulation as greater mining difficulty weighed on production.

BTC Recovery Risks Center on Rates and Continued Selling

What could keep pressure on Bitcoin?

Visser’s bearish concern is that inflation fears keep interest-rate expectations elevated. He cited the rise in two-year yields as a force behind the decline and said the liquidity backdrop needed to improve for Bitcoin to turn around. His interpretation differs from Arthur Hayes’s view that higher interest rates could push wealthy investors toward Bitcoin and other assets.

What could interrupt another rebound?

Check’s description of investors realizing losses highlights a continuing source of potential selling. Buyers who entered after the September advance may remain under pressure as Bitcoin trades back in the $60,000s. Lee’s margin-call suggestion raises a second possible vulnerability: stress in AI-related investments spilling into crypto holdings. A durable recovery would have to contend with those pressures after the initial rebound. The strongest bullish argument in Visser’s account is relief from rate fears; the clearest threat is that inflation concerns keep the tightening outlook in place.

December’s Fed Decision Becomes a Possible Bitcoin Catalyst

Why is Visser watching the size of the next increase?

Visser said the next rally could find its catalyst in December if the Fed avoids a 50-basis-point increase. His scenario allows for another rate hike, with a smaller move providing enough relief to support Bitcoin. The policy backdrop included Fed Governor Christopher Waller’s statement that a 50-basis-point increase should be considered if October inflation came in hot. According to Visser’s interview, that inflation condition was met.

What conditions would support Visser’s recovery scenario?

Visser pointed to Brent crude returning to its March price and inflation swaps reaching their lows for the year. Those observations formed part of his argument that inflation fears could ease enough to improve the policy outlook. His scenario links a potential Bitcoin recovery to that easing in fears and a smaller December increase. For holders searching why crypto is crashing, the central explanations are rising-rate concerns, investors realizing losses and possible selling linked to pressure in AI stocks. What happens next depends in part on whether those forces ease as the December decision approaches.

FAQ

When did Bitcoin break below $72,000 during this selloff?

The break occurred on November 12, 2026. It followed the November 10 move below $73,000 and preceded the later three-month low just above $62,000.

When was the $63,863 Bitcoin price recorded?

CoinGecko recorded that price at 08:20:10 UTC on November 15, 2026. Bitcoin’s accompanying 24-hour change was a decline of 4.97%.

Which upcoming Fed decision does Jordi Visser identify as a possible Bitcoin catalyst?

Visser points to the December rate decision. He expects further increases but believes a move smaller than 50 basis points could give Bitcoin room to rally.

What does the 50-basis-point increase in Visser’s December scenario mean?

It means a half-percentage-point increase in the Fed’s policy rate. Visser’s potential recovery scenario involves a smaller December increase while his broader outlook still includes additional tightening.

Which earlier periods does James Check cite for his deep-value comparison?

Check names February and late June of 2026, along with late 2022. He uses those periods as reference points for his assessment of Bitcoin after the decline.

What date do BitFuFu’s reported 1,454 BTC holdings cover?

The balance is dated October 31, 2026. It was 66 BTC higher than the company’s 1,388 BTC balance at September’s end.

How was BitFuFu’s October Bitcoin production divided?

The company produced 67 BTC through self-mining and 70 BTC through cloud mining. Together, those operations generated 137 BTC in October, compared with 167 BTC in September.

This article is for information only and is not financial advice.