Bitcoin▼ Bearish● Important

Bitcoin and Ether Slide to Three-Month Lows as Crypto Selloff Deepens

TradingGain Newsroom·10h ago·12 Nov 2026, 19:20 UTC

Bitcoin and Ethereum dropped to three-month lows on Thursday, extending a crypto selloff that has wiped out $550 billion in market value since October. Bitcoin fell to $71,317, its lowest level since August, while Ethereum briefly dipped below $2,000. The decline may not be over, which could keep pressure on prices for traders.

BTCAt the time of writing, Bitcoin traded at $71,573 (-3.8% in 24h).Live price →

Why it matters

Bitcoin hit its lowest level since August, signaling weak momentum for the largest cryptocurrency.
Ethereum briefly traded below $2,000, a level that traders may treat as a key test.
The selloff has erased $550 billion in market value since October, showing the wider market is under strain.

What to watch next

Watch whether Bitcoin holds above $71,317 and whether Ethereum can recover above $2,000 after briefly falling below it.

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This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.