Bitcoin Falls Below $70,000, Its Lowest Since Mid-August
New York — Bitcoin fell below the $70,000 mark on Friday (Nov. 13), dropping as low as about $67,500, its lowest since mid-August, down about 4% on the day, before recovering to around $68,700.
The Bureau of Labor Statistics reported the same day that the producer price index rose 6.5% year over year in October, the largest annual increase since November 2022 and slightly below market expectations, but the cooler print failed to lift markets: the S&P 500 fell 1.2% and the Nasdaq Composite fell 1.5%. Market expectations for a 25-basis-point rate hike at the Federal Reserve's December meeting rose to about 90%.
Source: Cointelegraph
Published by GSM · USA (original Chinese edition)
Photo: 图：比特币实物纪念币资料图。Shixart1985 摄，维基共享资源 CC BY 2.0。 / Photo: A physical Bitcoin coin (file photo). Photo by Shixart1985, Wikimedia Commons (CC BY 2.0).
