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Bitcoin Hits 12-Week Low Amid Fed Rate Fears

Bitcoin fell to about $68,500 on Friday, November 13, 2026, its lowest price in 12 weeks, according to the report. It was down about 4.5% over 24 hours, but remained roughly 16% above its late-June low despite losing most of its late-summer recovery.

Futures prices as of November 13 implied a 91.9% chance of a quarter-point Federal Reserve rate increase in December and an 8.1% chance of a half-point increase. Those were trader expectations, not a Fed decision. Fed Governor Christopher Waller supported an increase of at least a quarter point and said a stronger move might be needed if core inflation was around 0.3% or higher; the subsequent October reading was 0.3%.

U.S. spot Bitcoin ETFs recorded about $1.49 billion in net outflows from November 5 to November 12, though the funds still had about $55.5 billion in cumulative net inflows. The report said Bitcoin’s oversold reading left room for a temporary bounce, but did not establish that the price had bottomed.

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