The price of bitcoin plummeted roughly 14% across the preceding week, hovering near $65,200 on Saturday morning after dipping down to approximately $65,000, based on metrics from Bitcoin Magazine Pro. This movement breached Friday’s low point of about $67,555, representing the weakest valuation since mid-August as weekend activity prolonged a downward spiral driven by a robust greenback and fully anticipated December Federal Reserve interest rate adjustments.
Seven days prior, on November 7, bitcoin traded close to $75,750. The downward momentum accelerated after Nvidia CEO Jensen Huang departed on Thursday, an executive shuffle that triggered a sell-off in AI equities which might have played a role in pushing bitcoin beneath $72,000. It drifted toward $71,000 by Thursday evening, subsequently collapsing to roughly $67,555 near midnight Eastern time on Friday—its lowest mark since August—prior to rebounding toward $69,800 during the morning hours.
A brief surge past $70,000 following the producer price figures quickly dissipated, leaving the bitcoin price confined below $70,000, near $68,900, through Friday afternoon.
Selling pressure returned on Friday evening, pushing values into the mid-$66,000 range. Bitcoin temporarily stabilized overnight near $67,000 before dropping once more following 8 a.m. ET on Saturday, touching the $65,500 bottom during the 10 a.m. hour and breaking beneath Friday’s floor.
A Stronger Dollar and Elevated Yields Continue Pressuring Bitcoin
The Department of Labor reported Friday that the Producer Price Index for final demand advanced 0.3% in October, falling short of the 0.4% growth predicted by analysts. On an unadjusted basis, the index jumped 6.5% relative to the previous year, marking the most substantial 12-month advance since November 2022. This mildly softer monthly statistic propelled bitcoin above $70,000 for a matter of minutes.
Debt market participants remained skeptical. The 10-year Treasury yield ascended as high as 5.17% on Friday, representing a four-week peak, and settled at 5.15%. The U.S. dollar index maintained a 19-month high, marking its peak level since April 2025. Boston Fed President Susan Collins stated Friday that “soon, some additional tightening of Fed monetary policy may be appropriate,” while San Francisco Fed President Mary Daly indicated that officials will, “in all likelihood, raise interest rates.” Higher borrowing costs increase the expense of holding non-yielding assets, and a dominant dollar has weighed down bitcoin throughout much of November. Speculators have completely factored in a 25-basis-point increase for the Fed’s December 8-9 gathering, according to CME FedWatch figures.
Semiconductor equities provided zero defense. The iShares Semiconductor ETF dropped in excess of 3% on Friday, while Advanced Micro Devices slid over 8%. The Nasdaq 100 concluded the session down 1.22%. United States equity and debt exchanges remain closed on Saturday, yet those benchmarks continue to frame the weekend trading environment. Nvidia is scheduled to release third-quarter financial results on Tuesday under interim CEO Colette Kress, marking the initial earnings report since Huang’s departure.
ETF Outflows Persist as Mining Difficulty Declines
Inflow demand across spot bitcoin exchange-traded funds failed to bridge the gap. BlackRock’s iShares Bitcoin Trust (IBIT) shed $2 billion across nine consecutive days of redemptions through Wednesday, with these funds registering a sixth straight day of net outflows by Thursday. Weekend liquidity is typically shallower, rendering bitcoin more vulnerable to abrupt volatility in either direction.
Network validators received some reprieve overnight. Bitcoin’s mining difficulty decreased by 9.13% at 12:02 a.m. ET Saturday at block 975,744, sliding from approximately 148.36 trillion down to 134.82 trillion, marking the most substantial reduction since June. Difficulty recalibrates automatically every 2,016 blocks to maintain standard block intervals close to 10 minutes.
Upcoming evaluations for the bitcoin price approach rapidly. Market participants will monitor whether Saturday’s descent remains beneath Friday’s low of $67,555, and whether Tuesday’s Nvidia earnings announcement exacerbates the technology stock weakness that has tracked bitcoin downward all week. With a December rate hike fully priced in and the dollar resting at a 19-month high, any further expansion in bond yields upon market reopening could sustain downward pressure.
At the moment of composition, the price of bitcoin trades near $65,100.
Originally published at https://bitcoinmagazine.com/markets/bitcoin-price-crashes-13-percent-65600.
