Why Are BTC, ETH, BNB, and XRP Crashing Sharply Today?

The crypto market fell sharply on Friday, November 13, as forced liquidations pushed Bitcoin below $68,000. Ether dipped below $1,900, BNB slipped under $630, and XRP briefly traded below $1.

Earlier, Bitcoin traded at $68,388, down 7% over 24 hours, while Ether fell 6.2% to $1,922. BNB lost 6.8% to $631, and a 4% drop left XRP hovering around $1. Solana also fell 5.9% to $78.30 over the same period. The fear and greed index is at 19, indicating extreme fear.

Nvidia Loses CEO Jensen Huang as Tech Stocks Slide

Nvidia announced Jensen Huang’s departure Thursday, a day after its board accepted his resignation, according to a securities filing. Finance chief Colette Kress will serve as interim CEO while retaining her finance role during the search for Huang’s successor. 

Nvidia shares fell about 10% in premarket trading, and selling spread to AI infrastructure stocks including CoreWeave. Bitcoin fell below $73,000 during Thursday’s session and extended those losses in Asian trading on Friday.

MSCI plans to remove Strategy, a major corporate Bitcoin holder, from its USA Index after the November 30 close. Funds that track the index will have to sell their shares in the company.

Crypto Traders Brace for U.S. Producer Inflation Data

The Bureau of Labor Statistics will publish October’s Producer Price Index at 8:30 a.m. ET on Friday.

The annual forecast for October is 6.6%, up from the 6.3% increase the index recorded in September.

🚨 REMINDER: 🇺🇸 U.S. PPI INFLATION DATA DROPS TODAY AT 8:30 AM ET!

PPI: Previous: 6.3% • Forecast: 6.6%

IF PPI > 6.6% → MARKETS COULD SELL OFF HARD

IF PPI = 6.6% → EXPECT A MIXED REACTION

IF PPI < 6.6% → MARKETS COULD RALLY HARD https://t.co/LIXCqJjoRi

— Crypto Rover (@cryptorover) November 13, 2026

October consumer prices rose 0.4% from September, with higher shelter and energy costs contributing to the increase.

The dollar and Treasury yields rose as traders weighed another Federal Reserve rate increase in December. A reading above 6.6% could strengthen those bets, while a weaker figure could ease pressure on crypto prices. A reading in line with forecasts could draw a mixed response as traders weigh the underlying price trends.

Crypto Liquidations Hit $1.6 Billion as ETF Outflows Mount

Crypto futures liquidations reached about $1.6 billion over 24 hours as Bitcoin and other major tokens fell. An earlier tally put long liquidations near $1.3 billion after Bitcoin broke below $70,000. When exchanges close leveraged longs, the sell orders can force prices lower and trigger further liquidations.

U.S. spot Bitcoin ETFs lost about $300 million on November 11, taking five sessions of net outflows to $1.44 billion. Spot Ether ETFs lost roughly $145 million that day, including $130 million from BlackRock’s ETHA fund.

Bitcoin ETFs Shed $300 Million, Ether Funds Lose $145 Million

According to SoSoValue, U.S. spot Bitcoin ETFs recorded $300 million in net outflows on November 11, while Morgan Stanley’s MSBT led individual fund inflows with $8.96 million. Spot Ethereum ETFs saw $145 million in net outflows, with BlackRock’s ETHA accounting for $130 million.

— Wu Blockchain (@WuBlockchain) November 12, 2026

Stablecoin supply fell $14.2 billion in 30 days, the sharpest drop since June 2022. That leaves fewer dollar-linked tokens in circulation for traders to use when buying crypto.

How Low Can BTC, ETH, BNB, and XRP Go?

Bitcoin is testing the $68,000 area after falling toward $67,500. A break below that low would put $64,000 in view, while $70,000 is the first hurdle on a rebound.

Ether’s next downside level is $1,850 if buyers fail to reclaim $1,900. On a rebound, it faces resistance near $2,000, where the latest selloff accelerated.

BNB faces a test near $620, with $600 in view if sellers break that level. Buyers would need to reclaim $630 before another test of $650.

XRP price risks a retest of its August low near $0.985 if it slips under $1 again. A deeper break could bring $0.95 into play, while a rebound faces resistance near $1.05.