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Bitcoin stayed below $70,000 as October US producer prices rose

Originally reported November 14, 2026, at 00:39 UTC+8. Market readings below reflect the November 13 US trading session, not current conditions.

Bitcoin stayed below $70,000 as October US producer prices rose (1)

Bitcoin traded around $68,700 after Friday’s Wall Street open, according to Cointelegraph, having rebounded from roughly $67,500—its lowest level since mid-August. TradingView data cited in the report put BTC/USD down 4% on the day; it had not reclaimed $70,000.

Bitcoin stayed below $70,000 as October US producer prices rose (2)

October’s US Producer Price Index rose 0.3% from September and 6.5% from a year earlier. Both readings were 0.1 percentage points below expectations, although the annual increase was the largest since November 2022. The cooler-than-expected figures did not coincide with a stock-market rebound at the time of reporting: the S&P 500 was down 1.2% and the Nasdaq Composite was down 1.5%.

Bitcoin stayed below $70,000 as October US producer prices rose (3)
Bitcoin stayed below $70,000 as October US producer prices rose (4)

CME FedWatch data cited by Cointelegraph showed the probability of a 25-basis-point increase at the Federal Reserve’s December meeting rising from 85.4% on Thursday to 89.7%; the probability of a 50-basis-point increase fell from 14.5% to 10.3%. Economist Robin Brooks called a 25-basis-point increase “all but inevitable.” He argued that a 75-basis-point move would do nothing to address inflation driven by oil and the Strait of Hormuz, but would be too small if underlying inflation had accelerated.

Bitcoin stayed below $70,000 as October US producer prices rose (5)

Crypto analyst Rekt Capital warned that a weekly Bitcoin close below $73,000 on Sunday would mark another support breakdown, after two earlier breakdowns in 2026 were followed by declines to around $60,000. That was his conditional assessment, not a forecast established by the price data. At $68,700, Bitcoin was down 17.7% for the fourth quarter and 11.2% for November to date.

Bitcoin stayed below $70,000 as October US producer prices rose (6)

Original report: Cointelegraph

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