Bitcoin slips below $69,000 as a strong dollar bites. Most WiseProp traders were already selling
Bitcoin slipped below $69,000 on Friday, 13 November, for the first time since August, as a firmer US dollar weighed on riskier assets. On WiseProp Trader, bitcoin was the most-traded market of the day, and most of those trades were bets that it would fall.
Why did bitcoin fall below $69,000?
Bitcoin traded at about $69,135 on Friday morning (US Eastern time), roughly $4,000 lower than a day earlier, according to Fortune. Coinbase’s market news tied the drop to a strong dollar: bitcoin fell below its 200-week moving average while the US Dollar Index held above 103 (Coinbase).
The dollar’s strength showed up elsewhere too. Gold, which usually moves the other way to the dollar, held near $3,890 an ounce but is down about 10% for the year, as a tame October producer-price reading did little to cool expectations of a US rate hike in December (USAGOLD).
What does a strong dollar mean for bitcoin and gold?
When markets expect US interest rates to rise, the dollar tends to strengthen, and assets priced in dollars that pay no interest, like bitcoin and gold, tend to come under pressure. That is the link worth watching: bitcoin is no longer moving on crypto news alone; it reacts to the same rate expectations that move currencies.
The 200-week moving average matters because many longer-term traders treat it as a line in the sand. A clean break below it often brings more selling from traders who use it as a signal, while a quick recovery above it can trap sellers. Neither outcome is guaranteed, which is why the level itself is worth watching more than any single prediction.
How did WiseProp Trader traders position?
Our own data gives a view of how real traders positioned on the day. On Friday, 34 traders placed 300 trades on WiseProp Trader:
- Bitcoin was the most-traded market, with 138 trades from 12 traders. 59% of those trades were sells, bets that the price would fall.
- EUR/USD came second with 85 trades, and leaned the other way: 59% were buys.
- GBP/USD showed the strongest one-sided view: 22 of its 24 trades were sells.
It is a small group, so read it as a snapshot of sentiment, not a forecast. But on bitcoin, the majority view on our platform matched the direction the market took.
The same strong-dollar story ran through other markets this week: the euro slipped toward $1.10 as the dollar hit a 19-month high, the rand fell to a seven-month low near R17, and even as crypto prices fell, Visa’s stablecoin settlement volumes kept growing. More in our crypto and blockchain section.
What should traders watch next?
- The US dollar: whether the Dollar Index stays above 103.
- Rate expectations: any shift in how likely a December hike looks.
- Bitcoin’s 200-week average: whether the price recovers above it or keeps trading below.
Practise this on a free account. Test your own read of bitcoin, the dollar or gold on a free WiseProp Trader account, with no deposit.
This article is for education and information only and is not financial advice. Prices are as reported by the sources linked above. WiseProp Trader figures are counts of trades placed on our platform on 13 November 2026.
