November 15, 2026
The cryptocurrency Bitcoin witnessed a noticeable decline during weekend trading, settling at a level of approximately $62,000, recording its lowest level since last July.
Bloomberg reported that the wave of continuous erosion and slow selling operations in the digital currency furniture market is increasing the state of despair and exhaustion among traders, in conjunction with the market facing an escalating list of challenges. These obstacles include the record breach of the Binance platform last month, as well as the rise in Treasury yields and the strength of the US dollar.
In the same context, Bitcoin funds traded on the spot stock exchange in the United States turned into an additional source of selling pressure, after recording net outflows amounting to about $3 billion in the period extending from last October 30 to November 13 of this year.
The Erm News report indicated that the bulk of the recent decline in the cryptocurrency occurred during relatively calm trading, before liquidation operations witnessed a noticeable acceleration over the past few days.
