News report ₿ Crypto 🌍 GLOBAL

Crypto Market Slips Below $2.40T as Bitcoin Breaks 200-Day Moving Average

Crypto markets face mounting pressure as Bitcoin and Ethereum breach key technical support levels, with total market capitalization falling below $2.40T and liquidity concerns rising.

📅 November 13, 2026 🕐 1 min read

3 assets impacted (Crypto, Stocks). Net bias: 0 Bullish, 3 Bearish, 0 Neutral. Strongest signal: BTC ↓ 7/10 (75% confidence).

📊 Affected Assets (3)

BTC

Bearish 🤖 75%

📅 Short-term 🌍 GLOBAL · Explicit

Bitcoin fell below $72K on 13 November and lost the 200-day moving average after four days of failed bull defences, with a stop-loss cluster risked triggering further selling. The next significant support sits at $63–66K, far below current levels. A rise back above $75K would invalidate the bearish setup.

Catalysts

▼ Break below $72K and the 200-day moving average at 13:50 GMT on 13 November
▼ Triggered stop-loss orders could accelerate the fall toward the $63–66K support zone

Risk Factors

▲ A rise above $75K would put Bitcoin back above the latest local high and the September low, invalidating the bearish view
▲ DAT companies' purchase-to-sales ratio falling below 90% has historically been a good buying moment

ETH

Bearish 🤖 75%

📅 Short-term 🌍 GLOBAL · Explicit

Ethereum fell below the key $2,000 round level on 13 November, erasing almost all gains from its August rally as odds of a 50 bp Fed hike in December emerged. The nearest support is $1,850 with stronger support at $1,550, and growth in ETH-backed loans heightens liquidation risk. Growing staking exit-queue clearance shows slowing new staking demand.

Catalysts

▼ Break below $2,000 on 13 November, erasing most of the August rally
▼ Emerging odds of a 50 bp Fed hike in December reversing the monetary-policy softening behind the August rally

Risk Factors

▲ The Ethereum staking exit queue has fallen more than 85% since October, reducing potential sell pressure from exiting validators
▲ Bitmine's $6.3 billion paper loss for the year ending 31 August reflects damage already done

NVDA

Bearish 🤖 55%

⚡ Intraday 🌍 US · Explicit

The article reports NVIDIA's shares losing over 10% in the last 24 hours, described as triggering a sell-off in big tech stocks. However, it also notes the Nasdaq-100 and S&P 500 are rising, so the equity market impact is mixed and the article is primarily about crypto.

Catalysts

▼ NVIDIA shares down over 10% in the last 24 hours

Risk Factors

▲ Nasdaq-100 and S&P 500 are rising despite NVIDIA's struggles

🧭 Full analysis of these assets

🎯 Key Takeaways

Bitcoin fell below $72K on 13 November, with the next significant support zone identified at $63–66K.
Ethereum dropped below $2,000, erasing most of its August rally gains as staking demand slows and liquidation risks from ETH-backed loans increase.
The crypto market capitalization has fallen below $2.40T and its 200-day moving average.
Tether's USDT market capitalization has decreased by $6.6 billion over the past 60 days, signaling reduced market liquidity.

📝 Executive Summary

The cryptocurrency market has dropped below $2.40T in total capitalization, breaching its 200-day moving average as bearish sentiment intensifies. Bitcoin fell below $72K on 13 November, while Ethereum dropped under the $2,000 threshold, erasing gains from its August rally amid rising expectations for a 50 bp Federal Reserve rate hike in December.

❓ FAQ

BTC · Why is Bitcoin falling now?

It dropped below $72K and lost its 200-day moving average after roughly five weeks of steady decline, with sellers hitting a cluster of stop-loss orders amid a stronger US dollar and heavy selling in large technology stocks.

BTC · How low could Bitcoin go?

The next significant support zone is $63–66K, a considerable distance below current levels; a rise back above $75K would invalidate the bearish scenario.

ETH · What happened to Ethereum's price?

It fell below $2,000 on 13 November, wiping out almost all of its August rally, with the next supports seen at $1,850 and $1,550.

ETH · Is there anything reducing the downside risk for Ethereum?

The staking exit queue has fallen more than 85% since October, though slowing new staking demand and growing ETH-backed loans raise liquidation risk instead.

NVDA · Is NVIDIA driving the crypto sell-off?

The article says it is easy to link Bitcoin's drop to NVIDIA's struggles, with shares down over 10%, but calls that a stretch since the Nasdaq-100 and S&P 500 are rising.

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