Crypto · Market move
Bitcoin Sheds 6.4%, Ethereum 5.6% as Downturn Fears Grow
Rate-rise fears and a technology selloff deepen crypto losses, leaving Bitcoin down 21% this year and Ethereum down 35%.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Bitcoin fell 6.4% and Ethereum 5.6% over 24 hours as selling continued into Friday.
- Higher US rate expectations and the technology selloff weighed on risk appetite.
- Bitcoin has lost about 21% this year, while Ethereum has fallen 35%.
Bitcoin fell 6.4% and Ethereum 5.6% over 24 hours as an overnight cryptocurrency selloff continued into Friday, November 13. Bitcoin traded near $68,808 and Ethereum at $1,933 at around 09:15 UTC, according to CoinGlass price data.
Persistent US inflation has fueled bets on further Federal Reserve rate increases, while a stronger dollar and falling technology shares have weighed on demand for cryptocurrencies, Dow Jones reported on Friday. Bitcoin slipped below $70,000 for the first time since August and was heading for a sixth consecutive weekly loss, the report said, citing LSEG data.
The latest losses leave Bitcoin down about 21.4% since the end of 2025, compared with a 34.8% decline for Ethereum, according to CoinGlass.
Both cryptocurrencies fell in January, February and June before recovering through the summer, CoinGlass data show. Three straight months of gains from July to September gave way to renewed selling in October, when Bitcoin lost 7.3% and Ethereum fell 16.1%.
Further inflation data could prolong the pressure. Tickmill analyst Ranim Turfa told Dow Jones that a hotter producer-price reading could strengthen bets on tighter monetary policy and extend withdrawals from crypto funds; softer figures could help Bitcoin stabilize.
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