Bitcoin near $70,000 amid ongoing crypto sell-off

GreyOak summary

Bitcoin slipped towards $70,000 and Ethereum traded below $2,000 on November 13 due to institutional outflows and US inflation concerns. ETFs saw significant withdrawals, while tighter liquidity and fears of a Federal Reserve rate hike pressured risk assets. Analysts suggest caution, noting Bitcoin is testing support levels near $69,800.