Bitcoin drops to low near $62,000 as spot ETF outflows continue
Image: CointelegraphBitcoin fell to a low near $62,000 on November 15, with weekly losses of nearly 15%. US spot Bitcoin ETFs recorded net outflows. Bitcoin later traded around $64,500 after touching $62,080. The selloff followed a slide below $70,000. Ether fell 19.5% and Solana lost 20.7% over the week, while the total crypto market cap dropped about 4% to $2.26 trillion.
Key points
- Bitcoin's weekly losses were nearly 15%.
- US spot Bitcoin ETFs recorded net outflows.
- The selloff followed a slide below $70,000.
Why it matters
Bitcoin's drop below $70,000 and ETF outflows matter to crypto markets because they coincided with a 4% fall in total market value and double-digit weekly losses for Ether and Solana.
What's unclear
The reports differ on whether Bitcoin's low near $62,000 was a three-month low or a four-month low.
Price context · BTC
At publication
$65,441.00
Now
$65,478.00
Change since
+0.06%
7 days · dashed line = publication
Sources · 2 publishers
Cointelegraph
Tier 1
Bitcoin falls to four-month low near $62K as crypto selloff deepens
Coverage timeline
- First reported by Crypto.news
- Also reported by Cointelegraph
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
NEXO
−1.3%
