Bitcoin fell to roughly $68,500 on Friday, reaching its lowest level in 12 weeks after declining 4.5% over 24 hours and 9.5% for the week. Selling pressure spread to Ethereum, which traded near $1,925, and Solana, which slipped below $80, while U.S. spot Bitcoin ETFs recorded approximately $1.49 billion in net outflows between November 5 and November 12. Futures markets assign a 91.9% probability to a 25-basis-point Federal Reserve rate hike in December and an 8.1% probability to a 50-basis-point increase, driven by renewed inflation concerns. Bitcoin remains about 16% above its late-June low near $59,000, but has retreated roughly 21% from its autumn peak around $86,000. Its relative strength index has fallen to 25.4 and immediate support sits around $67,650, with the Fed minutes and the November 25 PCE inflation report representing the next macroeconomic checkpoints.
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