---
title: "Bitcoin Breaks Below $69,000 as Altcoins Plunge to Four-Week Lows"
description: "Ether, XRP, and SOL hit four-week lows on Coinbase as bullish liquidations dominate a broad market selloff."
url: https://basisdesk.news/news/bitcoin-breaks-below-69000-altcoins-hit-four-week-lows
published: 2026-11-13T06:26:32.782Z
modified: 2026-11-13T06:26:32.782Z
section: Bitcoin
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bearish
tickers: [BTC, ETH, XRP, SOL]
tags: [bitcoin, liquidations, coinbase, ether, solana, xrp]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Bitcoin Breaks Below $69,000 as Altcoins Plunge to Four-Week Lows

Ether, XRP, and SOL hit four-week lows on Coinbase as bullish liquidations dominate a broad market selloff.

## At a glance

- **What happened:** Bitcoin broke below $69,000 on Nov. 13 as Ether, XRP, and SOL dropped to four-week lows on Coinbase.
- **Why it matters:** Bullish positions absorbed the majority of liquidations as multi-week price support levels failed across spot and derivative venues.
- **Who is affected:** Crypto spot and derivative traders, particularly long position holders across major exchanges including Coinbase.
- **What's next:** No next step announced.
- **Primary source:** [Bitcoin Breaks Below $69,000 as Selloff Sets New Lows](https://thedefiant.io/news/markets/bitcoin-breaks-below-69-000-as-selloff-sets-new-lows) — thedefiant.io

## Key points

- Bitcoin broke below the $69,000 level as market selloffs set fresh lows on Nov. 13 [1].
- Ether, XRP, and SOL hit four-week lows on Coinbase during the downturn [1].
- Bullish long bets accounted for the majority of tracked market liquidations [1].

## Editorial remark

- **Context:** Selling pressure extended downward momentum across major tokens, breaching key technical price points on Nov. 13.
- **Impact:** Bullish derivative traders faced heavy liquidation losses while spot holders on Coinbase saw major assets drop to multi-week lows.
- **Watch:** Coinbase spot volumes and ongoing liquidation metrics across primary crypto derivative exchanges.

$BTC fell below the $69,000 threshold as an escalating market downturn pushed major digital assets to fresh lows on Nov. 13 [1]. The decline extended across the broader cryptocurrency sector, with $ETH, $XRP, and $SOL concurrently sliding to four-week lows on Coinbase [1]. 

The downturn triggered a wave of forced unwinds across derivatives platforms, with bullish long positions accounting for the majority of tracked liquidations during the session [1]. At the time of writing, Bitcoin traded at $67,969, down 7.6% over a 24-hour window, while Ether changed hands at $1,908, marking a 6.8% daily drop. The cumulative crypto market capitalization stood at $2.31T, alongside a Fear & Greed Index reading of 20, reflecting extreme fear.

## Broad Market Pressure Mounts

The move beneath key round-number support marks a continuation of systemic downward pressure across digital asset venues [1]. Earlier market phases saw consecutive breaks through higher structural thresholds, including sequences where [Bitcoin slides toward $76,000 as tech slump triggers $428M in liquidations](https://basisdesk.news/news/bitcoin-slides-tech-rout-crypto-liquidations) and [Bitcoin breaks below $77,700 trader cost basis as short-term losses mount](https://basisdesk.news/news/bitcoin-breaks-below-trader-cost-basis-cryptoquant).

Trading activity on centralized exchanges showed leveraged long trades suffering the bulk of margin calls as spot prices established new local lows [1]. Major altcoins displayed parallel weakness, as Ether, XRP, and Solana reached price levels on Coinbase not recorded in the past four weeks [1].

## Sources

1. [Bitcoin Breaks Below $69,000 as Selloff Sets New Lows](https://thedefiant.io/news/markets/bitcoin-breaks-below-69-000-as-selloff-sets-new-lows) — thedefiant.io, 2026-11-13

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai