Bitcoin dropped below $65,000 on Sunday, November 15, 2026, reaching its lowest level since July. The decline was driven by macroeconomic concerns, market liquidations, and competition from AI stocks. The broader crypto market cap fell to $2.19 trillion, its lowest since January 2026. Bitcoin was trading at $64,962.10, down 3.13% over the past 24 hours, with trading volume up 30.73% to $50.58 billion.
Ethereum also saw a significant drop, falling 4.54% to $1,809.27, while stablecoin Tether remained stable, up 0.06% to $0.9995. Binance Coin decreased by 3.53% to $594.65, and USDC stayed unchanged at $0.9998. The crypto fear and greed index was in the ‘extreme fear’ category at 12, close to the February 2026 level of 5.
Leveraged long positions were liquidated, contributing to the market downturn. Rich Rosenblum, co-founder of crypto market maker GSR, noted that Bitcoin broke down through its 200-day moving average of about $73,000, causing liquidations and new shorts. Exchanges recorded about $2 billion of crypto liquidations, including $774 million in Bitcoin and $488 million in Ether.
Richard Galvin, executive chairman at crypto investment firm DACM, suggested that the upcoming IPO of AI company Anthropic PBC may be drawing capital away from crypto. He compared the current situation to the SpaceX IPO pricing period earlier this year, indicating that crypto remains a short-term funding source for retail investors.