Bitcoin Drops 7.4% Below $69,000 as Ethereum and BNB Lead Broad Crypto Market Selloff
Key Takeaways
- •Bitcoin fell 7.4% to $68,773.47, dropping below the $69,000 threshold during a broad cryptocurrency selloff.
- •Ethereum declined 6.6% to $1,929.49 and BNB lost 7.3% to $631.91, with XRP and Solana also posting losses.
- •Privacy-oriented tokens were among the weakest performers, as Monero dropped 9.2% and Zcash fell 7%.
- •Several smaller tokens advanced despite the market weakness, led by Sanctum's 138.8% gain to $0.1049.
- •The declines spanned sectors from smart-contract platforms to privacy coins, indicating market-wide selling pressure rather than weakness in a single project.

Bitcoin fell 7.4% to $68,773.47, slipping below the $69,000 level, as a broad cryptocurrency selloff pushed major digital assets lower, with Ethereum, BNB and several other large-cap tokens recording significant losses. According to data from CoinGecko, Bitcoin trading volume stood at $40.77 billion, while its market capitalization was $1.38 trillion — the largest of any cryptocurrency, which is why its price is widely used as a reference point for the wider digital-asset market.
The decline extended across much of the cryptocurrency market, although a number of smaller tokens moved higher during the same trading period. Among major assets, Ethereum and BNB recorded losses exceeding 6%, while Monero and Zcash also came under substantial selling pressure. The breadth of the decline — spanning everything from smart-contract platforms to privacy coins — pointed to market-wide selling pressure rather than weakness confined to a single project.
Ethereum, BNB and XRP Decline Alongside Bitcoin
Ethereum (ETH) dropped 6.6% to $1,929.49, with trading volume reaching $14.68 billion and market capitalization totaling $235.81 billion. BNB (BNB) declined 7.3% to $631.91, recording $1.05 billion in trading volume and a market capitalization of $83.10 billion.
XRP (XRP) fell 2.9% to $1.02, with trading volume of $2 billion and a market capitalization of $64.75 billion. Solana (SOL) also moved lower, losing 5.3% to trade at $79.69, with trading activity totaling $3.14 billion.
Other established cryptocurrencies followed the downward trend. Dogecoin (DOGE) declined 4.9% to $0.06412, while TRON (TRX) lost 1.9% to $0.3105. Hyperliquid (HYPE) recorded a comparatively smaller decrease of 0.7%, trading at $71.51.
Privacy-oriented tokens were among the weakest performers. Zcash (ZEC) dropped 7% to $938.54, while Monero (XMR) recorded the steepest decline among the listed major assets, falling 9.2% to $523.61. Monero and Zcash are the two best-known privacy-focused cryptocurrencies, designed to obscure transaction details on their respective networks.
Smaller Cryptocurrencies Post Gains Despite Market Weakness
Despite the broad decline among major cryptocurrencies, several smaller digital assets recorded strong gains during the same period. Sanctum (SANC) led the reported gainers, rising 138.8% to $0.1049, with trading volume reaching $10.06 million.
Akedo (AKE) climbed 78.1% to $0.004405, while Lombard (BARD) gained 73.2% to reach $0.1391. Magma Finance (MAGMA) advanced 23.6% to $0.338, recording $44.81 million in trading volume. Epic Private Internet Cash (EPIC) increased 23.9% to $1.01. DODO (DODO) rose 16.6% to $0.02691, while XPR Network (XPR) gained 14.8% to $0.001911. Even the largest of these turnover figures, however, sits far below the multi-billion-dollar volumes posted by Bitcoin and Ethereum, a reminder that advances in lower-capitalization tokens can occur on comparatively thin liquidity.
The contrasting performance underscores the uneven movements across the cryptocurrency market during the selloff. Bitcoin's slide below $69,000 coincided with substantial losses among major digital assets, even as selected smaller cryptocurrencies registered double-digit gains. Upcoming CoinGecko market snapshots will show whether trading volumes remain elevated across the major assets and whether the split between declining large caps and advancing smaller tokens persists.
Market figures cited in this report come from CoinGecko. The article was originally published by Hokanews on November 13, 2026, and written by Marcus Renfield, a crypto market analyst and on-chain writer whose coverage focuses on on-chain data, Bitcoin price action and emerging market narratives. His reporting examines how capital flows, network activity and broader market structure influence short- and medium-term trends, with an emphasis on clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.