Bitcoin's market capitalization has fallen by more than $60 billion in a single day, sliding to approximately $1.37 trillion — its lowest level in nearly three months — as the price of the world's largest cryptocurrency comes under renewed selling pressure and slips toward $68,000.

The move extends a difficult stretch for the leading digital asset. Over the past six weeks, roughly $370 billion has been wiped from Bitcoin's total valuation, a decline of around 21% from levels recorded in early October. Because Bitcoin is the largest crypto asset by market value, its total valuation is widely tracked as a reference point for the broader digital-asset market, making the speed and scale of the pullback notable beyond Bitcoin itself.

$60 Billion Erased in 24 Hours

The latest pullback erased more than $60 billion from Bitcoin's total valuation in just 24 hours. According to the reported market figures, the asset's capitalization has fallen to approximately $1.37 trillion, a level last seen nearly three months ago. The sharp decrease highlights weakening market momentum as investors react to continued price volatility.

Market capitalization represents the total estimated value of Bitcoin in circulation, calculated by multiplying the asset's price by its circulating supply. A decline in price therefore directly reduces the overall market valuation. Importantly, a $60 billion drop in market capitalization does not mean investors withdrew exactly $60 billion in cash; it reflects the change in the estimated value of Bitcoin's circulating supply.

Six-Week Loss Reaches $370 Billion

The broader decline becomes far more significant when measured across recent weeks. Since early October, Bitcoin has reportedly lost approximately $370 billion in market capitalization, representing a fall of around 21% from its earlier valuation, which implies a starting valuation of roughly $1.74 trillion. The figures suggest that the recent weakness forms part of a broader correction rather than an isolated daily movement.

Declines of this magnitude can weigh on investor confidence, particularly when prices fall through closely watched psychological levels. Bitcoin's approach toward $68,000 is also likely to draw attention from traders monitoring key support levels. Market capitalization alone, however, cannot explain the underlying causes of a selloff — analysts typically examine spot demand, derivatives positioning, institutional investment flows and overall liquidity to gauge market pressure.

JUST IN: $BTC slips toward $68K as its market cap drops over $60B in a day to $1.37T, its lowest level in nearly 3 months. Over the past six weeks, about $370B has been wiped out, a 21% decline from early October. pic.twitter.com/k9sL4ozsKQ
— Cointelegraph (@Cointelegraph) November 13, 2026

Can Bitcoin Recover From the Selloff?

The latest market cap decline raises questions about whether Bitcoin can stabilize after six weeks of falling valuations. A sustainable recovery would likely require stronger buying demand and a reduction in selling pressure.

Investors may watch whether Bitcoin can hold near $68,000 or recover above previously established trading levels. Improving spot trading volumes could suggest that buyers are returning, while continued ETF withdrawals or negative market sentiment could add further downward pressure. Broader economic conditions — including interest rate expectations and financial market liquidity — may also shape Bitcoin's direction in the near term.

Despite the sharp correction, short-term changes in market capitalization do not determine Bitcoin's long-term performance. Cryptocurrency markets have historically experienced significant volatility in both directions.

For now, the reported $370 billion decline in Bitcoin's valuation underscores the scale of the recent correction, with traders watching closely for any signs of stabilization.

Source: CoinoMedia