Bitcoin's price declined by approximately 14% over the past week, trading near $65,200 on Saturday morning after reaching a low of about $65,000. This drop marks its weakest level since mid-August, driven by weekend selling that extended a broader selloff, according to Bitcoin Magazine Pro data.
Key takeaways
- Bitcoin's price fell about 14% in a week, reaching $65,000 on Saturday, November 14, 2026, its lowest since mid-August.
- A stronger U.S. dollar, which hit a 19-month high, and rising 10-year Treasury yields, reaching 5.17%, contributed to the downward pressure.
- Spot Bitcoin ETFs, including BlackRock’s IBIT, experienced significant outflows, with IBIT bleeding $2 billion over nine days through Wednesday.
- The resignation of Nvidia CEO Jensen Huang on Thursday triggered a selloff in AI stocks, which may have contributed to Bitcoin's decline below $72,000.
- Bitcoin's mining difficulty saw its largest cut since June, dropping 9.13% to 134.82 trillion at block 975,744 on Saturday.
Bitcoin's Steep Decline Over the Week
Bitcoin's price started the week near $75,750 on November 7, 2026, before experiencing a significant downturn. The decline accelerated after Nvidia CEO Jensen Huang resigned on Thursday, leading to a selloff in AI stocks. This event potentially contributed to Bitcoin falling below $72,000, then slipping toward $71,000 by Thursday evening.
By Friday, November 13, Bitcoin crashed to approximately $67,555 around midnight Eastern Time, marking its lowest point since August, before a brief recovery to $69,800. Despite a short-lived bounce above $70,000 following the Producer Price Index report, selling resumed Friday evening and continued into Saturday, pushing the price to about $65,500 by 10 a.m. ET, breaking Friday’s low.
Macroeconomic Factors Weigh on Bitcoin
Several macroeconomic factors contributed to the downward pressure on Bitcoin. The U.S. dollar index held at a 19-month high, its strongest level since April 2025. Additionally, the 10-year Treasury yield climbed to 5.17% on Friday, a four-week high, closing at 5.15%.
Federal Reserve officials also signaled potential further monetary policy tightening. Boston Fed President Susan Collins stated that “soon, some additional tightening of Fed monetary policy may be appropriate,” while San Francisco Fed President Mary Daly indicated that policymakers will “in all likelihood, raise interest rates.” CME FedWatch data shows traders have fully priced in a quarter-point hike at the Fed’s December 8-9 meeting. Higher rates typically increase the cost of holding non-interest-bearing assets like Bitcoin.
ETF Outflows and Tech Stock Weakness
Demand from spot Bitcoin exchange-traded funds (ETFs) has not offset the selling pressure. BlackRock’s iShares Bitcoin Trust (IBIT) saw $2 billion in outflows over nine consecutive days through Wednesday, and the funds collectively posted a sixth straight day of net outflows on Thursday. This trend suggests a reduction in institutional demand for Bitcoin.
The broader tech market also showed weakness. The iShares Semiconductor ETF fell more than 3% on Friday, and Advanced Micro Devices dropped over 8%. The Nasdaq 100 closed down 1.22%. Nvidia is scheduled to report third-quarter results on Tuesday under interim CEO Colette Kress, following Jensen Huang's resignation, which could further influence chip-stock performance and potentially Bitcoin.
Mining Difficulty Adjustment Offers Relief
Amid the price decline, Bitcoin miners received some relief as mining difficulty dropped significantly. Bitcoin’s mining difficulty decreased by 9.13% at 12:02 a.m. ET Saturday at block 975,744, falling from approximately 148.36 trillion to 134.82 trillion. This represents the largest difficulty cut since June.
Mining difficulty automatically adjusts every 2,016 blocks, or approximately every two weeks, to maintain an average block time of around 10 minutes. A drop in difficulty means that miners require less computational power to find new blocks, potentially improving their profitability in the short term, especially during periods of lower Bitcoin prices.
What This Means for Holders
The recent price action underscores Bitcoin's sensitivity to broader macroeconomic conditions and traditional market events. A stronger U.S. dollar and rising Treasury yields tend to make non-yielding assets less attractive, increasing the opportunity cost of holding Bitcoin. The continued outflows from spot Bitcoin ETFs indicate that institutional demand, while significant, is not a constant upward force and can reverse, impacting price.
Holders should monitor upcoming economic data, particularly any further statements from the Federal Reserve regarding interest rates, as these directly influence the dollar's strength and bond yields. The performance of major tech stocks, especially those like Nvidia, can also have spillover effects on crypto markets. While a drop in mining difficulty can offer some relief to miners, it doesn't directly mitigate the external pressures on Bitcoin's price. Understanding these interconnected factors is crucial for navigating market volatility.