Bitcoin slipped below $65,000 on Saturday, its weakest level since mid-August, as a steady weekend drift lower extended a week-long crypto selloff.
MoneyTurkey Crypto desk | 14 November 2026, 22:05 UK time. Prices: CoinGecko, checked against CoinPaprika.
Key points
- Bitcoin near $64,350 at 22:05 UK time, down about 5.6% to 5.8% in 24 hours
- Weakest level since mid-August, CoinDesk and Bitcoin Magazine reported
- Analyst James Check calls it the fourth capitulation event since the all-time high
- Seventh straight session of outflows from US spot bitcoin ETFs on Friday
What happened
Bitcoin traded at about $64,350 at 22:05 UK time, down 5.8% over 24 hours on CoinGecko and 5.6% on CoinPaprika. It touched a three-month low of $65,000 earlier on Saturday, CoinDesk reported, and Bitcoin Magazine also put the slide at its weakest level since mid-August.
The move was not a sharp crash. Bitcoin drifted almost 3% lower after US stock markets closed on Friday evening and was down 13.5% over the past week, CoinDesk reported. Ether, XRP and solana fell further over the week, it added.
The capitulation call
“We’re watching the fourth capitulation event since the all-time high,” on-chain analyst James Check wrote early on Saturday, according to CoinDesk. He said many sellers had bought in September in the $80,000s and “are now selling at the very price they wish they had taken advantage of three months ago.”
Check said bitcoin is now in a “deep value” zone last seen in February and late June this year. He said that does not mean the bottom is in, CoinDesk reported.
Why it matters
A stronger dollar and bets on a Federal Reserve rate rise in December have weighed on risk assets, Bitcoin Magazine and CoinDesk reported. US spot bitcoin ETFs had net outflows of $185.45 million on Friday, their seventh straight session of withdrawals, according to SoSoValue data reported by Investing.com and The Economic Times.
What to watch
- Whether bitcoin wins back $65,000 over the weekend
- US spot bitcoin ETF flows when trading resumes on Monday
- Fed speakers ahead of the 8-9 December meeting
Related on MoneyTurkey
- Crypto movers: XRP Below $1, Ether Under $1,800
- Deutsche Bank Launches Crypto Custody, Eyes Tokenized Funds
For information only. Not investment advice.
