# Bitcoin Slips Below $70,000 as Stocks Fall Despite Cooler October PPI

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/56887
Published: 2026-11-13T16:44:34.000Z
Updated: 2026-11-13T16:44:34.000Z
Section: Investing

> Bitcoin touched about $67,500, its lowest level since mid-August, before recovering to around $68,700. October PPI rose 6.5% year over year, the largest annual increase since November 2022.

Bitcoin fell about 4% below $70,000 in Friday morning trading as U.S. stocks also declined, showing little immediate lift from October producer-price growth that undershot expectations.

BTC traded near $68,700 after dropping to about $67,500 earlier in the session, its lowest point since mid-August. The decline left it below the $70,000 threshold despite the softer-than-expected inflation signal.

The Producer Price Index (PPI), which tracks prices domestic producers receive for goods and services, increased 0.3% from September and 6.5% from a year earlier in October. Both readings were 0.1 percentage point below expectations. Even so, the annual rise was the largest since November 2022, underscoring that producer prices continued to climb sharply.

U.S. equities also weakened during the morning session: the S&P 500 was down 1.2%, and the Nasdaq Composite was lower by 1.5%. The parallel declines showed that the below-forecast PPI reading did not coincide with a broad rebound in risk assets.

Bitcoin was down 11.2% month to date and 17.7% in the fourth quarter at about $68,700. Its quarterly performance was then its second-worst on record.