Bitcoin (BTC) struggled to regain the $70,000 mark on Friday, November 13, 2026, after dipping to roughly $67,500 earlier in the day. This marked its lowest level since mid-August, reflecting broader market uncertainty. The US Producer Price Index (PPI) rose 6.5% year over year in October, slightly below expectations but still the largest increase since November 2022. The data showed that prices for final demand goods increased 0.5%, while services prices rose 0.2%.
Stocks showed little relief at the start of the US trading session, with the S&P 500 down 1.2% and the Nasdaq Composite Index 1.5% lower. Traders were still reacting to Nvidia's CEO resignation, which added to market volatility. The PPI release led to a slight adjustment in expectations for Federal Reserve rate hikes, with odds of a 25-basis-point hike in December rising to 89.7%. Economist Robin Brooks described a 25-basis-point hike as 'all but inevitable,' but argued against a steeper increase, citing inflation drivers like the oil-price spike from the US-Iran war.
Crypto trader Rekt Capital warned that a weekly close below $73,000 could mark Bitcoin’s third break of that support level in 2026. After each of the two previous breakdowns, Bitcoin fell to around $60,000. At $68,700, BTC/USD is down 17.7% in the fourth quarter and 11.2% month to date, making it the second worst quarterly performance on record.