Metal Pay · 2026-11-13 22:44 UTC

Crypto News - 13 November 2026 Bitcoin fell below $70,000 on November 13, reaching its lowest level since August as a stronger U.S. dollar, expectations of higher interest rates and falling technology stocks weighed on risk assets. The selloff triggered widespread liquidations of leveraged positions, with CoinDesk reporting more than $1.6 billion in crypto liquidations. Ethereum also slipped below $2,000 as selling spread across major cryptocurrencies. Meanwhile, the Crypto Fear & Greed Index dropped to 20, signaling Extreme Fear, compared with 28 a week earlier and 62 a month earlier. The sharp deterioration in sentiment highlights growing investor caution amid renewed market volatility. PNC and Visa Expand Stablecoin Payment Infrastructure PNC Bank announced on November 9 that it is working with Coinbase to pilot stablecoin payments for selected corporate and institutional clients. Businesses participating in the limited program will be able to receive USDC, which is automatically converted into U.S. dollars, potentially reducing settlement delays and improving cross-border payments. On November 10, Visa added the Monad blockchain as another stablecoin settlement option for participating card issuers and acquirers. Monad joins several existing Visa-supported networks, with additional privacy features for institutional transactions planned. Both developments demonstrate continued investment in blockchain-based payment infrastructure despite weakness across cryptocurrency markets. MSCI to Remove Strategy from Major Stock Indexes MSCI announced on November 11 that it will remove Bitcoin treasury company Strategy and several other businesses from major stock indexes on December 1, concluding that they more closely resemble investment funds than operating companies. The decision affects the MSCI USA and MSCI World indexes, which are tracked by passive investment funds. Strategy previously warned that exclusion could trigger approximately $2.8 billion in stock sales. Reuters also cited a JPMorgan estimate that outflows could reach $8.8 billion if other index providers adopt similar exclusions. The decision raises questions about how traditional equity benchmarks classify publicly traded companies focused on accumulating digital assets. U.S. spot Bitcoin ETFs opened Monday with $201.0 million in net outflows, led by BlackRock's IBIT ($213.2 million), while Morgan Stanley's MSBT attracted $22.1 million in inflows. Tuesday brought another $95.0 million in net outflows, as withdrawals from IBIT ($78.2 million) and Fidelity's FBTC ($36.8 million) outweighed $20.0 million in inflows to MSBT. Wednesday recorded the week's heaviest selling at $299.8 million in net outflows, driven by IBIT ($269.7 million) and Grayscale's GBTC ($39.1 million), despite a $9.0 million inflow into MSBT. Thursday extended the decline with another $284.1 million leaving the funds, including $203.8 million from IBIT, $32.6 million from FBTC and $26.4 million from BITB. Overall, Bitcoin ETFs recorded approximately $879.9 million in net outflows across Monday through Thursday, signaling sustained institutional selling pressure. Friday's figures remain incomplete and are awaiting final issuer reporting, including IBIT. U.S. spot Ethereum ETFs began Monday with $184.6 million in net outflows, led by BlackRock's ETHA ($119.3 million), Grayscale's ETH ($25.0 million) and BlackRock's ETHB ($20.8 million). Tuesday saw selling ease considerably, with just $1.3 million in net outflows, as withdrawals from Grayscale's ETH ($2.0 million) and TETH ($0.4 million) were partially offset by $1.1 million in inflows to ETHB. Wednesday brought renewed selling pressure with $144.8 million in net outflows, driven primarily by ETHA ($129.8 million), alongside withdrawals from ETHB ($5.3 million) and ETHW ($4.8 million). Thursday extended the decline with another $70.5 million leaving the funds, including $62.0 million from ETHA and $6.7 million from Grayscale's ETH. Overall, Ethereum ETFs recorded approximately $401.2 million in net outflows across Monday through Thursday, reflecting continued institutional caution toward the asset. Friday's figures remain incomplete and are awaiting final issuer reporting. Loan Protocol (LOAN) emerged as the week's strongest performer, gaining 8.9% despite widespread losses across the broader cryptocurrency market. XPR Network followed with a 5.4% increase, while Metal Blockchain (METAL) gained 4.9%, making these the only three tokens in the tracked group to finish the seven-day period in positive territory. Other assets struggled as Bitcoin declined 9.9%, Ethereum lost 13.5% and Solana fell 12.5%. Stellar (-4.8%) and Litecoin (-6.4%) demonstrated comparatively greater resilience, while XRP recorded the steepest decline at 13.6%. The positive performance of LOAN, XPR and METAL stands out against the wider market downturn, although the available data does not establish a specific catalyst for their gains.

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