Bitcoin dropped below $67,000 on Coinbase Friday evening, reaching a new four-week low as selling spread across major cryptocurrencies.
Coinbase's one-minute $BTC-USD candles showed a low of $66,789 in the minute that began at 9:29 p.m. ET on Nov. 13. Its daily candles, which cover Oct. 17 through that evening, showed no lower price.
The low was 5.4% below the $70,600 Coinbase low that The Defiant reported Thursday evening. It also fell below the $68,222 low in the publication's subsequent Friday report, extending the decline rather than simply revisiting that level.
At 9:41:55 p.m. ET, CoinGecko quoted bitcoin at $67,399. Over roughly four weeks, bitcoin was down 17.3%, while ether had fallen 21.4%, according to The Defiant's calculations. Over roughly seven days, bitcoin lost 11.3% and ether declined 15.3%.
Selling Spreads Beyond Bitcoin and Ether
In an updated CoinGecko snapshot at 9:42:53 p.m. ET, 42 of 44 non-stablecoin tokens in a curated watchlist were down over 24 hours. The list includes large cryptocurrencies and DeFi tokens, but does not represent the entire crypto market.
Solana fell 5.8%, BNB dropped 3.5% and XRP lost 2.4%. Celestia posted the steepest decline in the selection, falling 14.1%. GMX and Pendle were the only gainers, up about 2% and 1.7%, respectively.
The decline came after signs of weaker funding into crypto. In a Nov. 11 report, analytics provider Glassnode said stablecoin supply had contracted by $14.2 billion over 30 days through Nov. 9, leaving “less fuel for a rally.” It also reported $1.6 billion in net outflows from U.S. spot bitcoin ETFs over 20 sessions through that date. Those figures predate Friday evening's move and do not establish what caused it.
Glassnode also identified buying from wallets holding between 100 and 10,000 $BTC, while other wallet groups continued to reduce their holdings.
