Bitcoin falls to around $71,000, its lowest level since August
Bitcoin fell to around $71,300 on 12 November 2026, down 3.9% in 24 hours, according to 24/7 Wall St. It is the lowest price since August. The coin is down 14.2% over the past month.
For comparison, Bitcoin closed at $80,428 on 4 November and $75,969 on 5 November, based on the same report. Its record high was $126,080 on 6 October 2025, which means the price is about 43.4% below that peak.
Levels traders are watching:
- $73,125, the 200-day average. Bitcoin is now trading below it, and a close back above it could suggest the drop is temporary, according to the report.
- $68,853, the 20 August daily low. A close below it could extend the fall.
NVIDIA reports results on 17 November, and the report says traders will watch it closely.
Why it matters for Indian investors: Bitcoin prices in rupees also move with the dollar rate. Crypto gains are taxed at 30% in India with 1% TDS on sales, and losses cannot be set off against other income.
Crypto prices can change fast. This article is for information and is not investment advice.