Bitcoin plunges to $68,000 as Anthropic IPO weighs

Bitcoin slides to $68,000 as the Anthropic IPO and a broad risk-off move weigh on markets. Plus: the Senate Banking Committee fast-tracks SEC nominees, and Kraken parent Payward leans on non-trading income as trading revenue falls. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Friday, November 13, 2026 Bitcoin plunges to $68,000 as Anthropic IPO frenzy adds to market jitters Bitcoin sank to $68,000 overnight, its lowest price since August, extending a slide of more than 20% since early October. Xapo Bank CEO Seamus Rocca attributes the latest dip to demand for Anthropic’s IPO, which Bloomberg reported was about six times oversubscribed and could raise as much as $64.4 billion, pulling capital out of liquid markets. Other analysts see no direct link between Nvidia’s troubles and bitcoin’s decline, pointing instead to broad risk reduction: short bets above the August peak, outflows from BlackRock’s IBIT, extreme fear and the prospect of a 50-basis-point rate hike within 30 days. Strive CEO Matt Cole notes bitcoin fell about the same amount before SpaceX’s June IPO and then recovered, though the SpaceX drop also coincided with worries about Strategy’s bitcoin sales. Read more → Policy U.S. Senate Banking Committee races toward hearing on new SEC nominations The Senate Banking Committee has scheduled a Nov. 19 hearing for President Trump’s two new SEC nominees within hours of their announcement: Steven Levine, a former Labor Department lawyer and deputy chief of staff to Commissioner Mark Uyeda, and Kristin Johnson, a Democrat and former CFTC commissioner who’s now a George Washington University law professor. The White House also named two CFTC nominees, Republican Nathan Anonick and Democrat Matthew Rowland, but the Senate Agriculture Committee hasn’t yet scheduled a hearing. Naming Democrats is unusual for an administration that has otherwise removed them from regulatory commissions, and it would end stretches in which the SEC has had only two Republican members and the CFTC only its chairman, Mike Selig. The current congressional session ends in early January. 2-minute read → Finance Kraken parent Payward says expansion outside crypto trading helps cushion revenue decline Payward, the parent company of crypto exchange Kraken, said its new preferred revenue measure, total platform margin, fell 12% from a year earlier to $487 million in the third quarter as subdued trading cut fees. The metric replaces adjusted revenue and deducts staking rewards paid to clients along with trading costs. Income tied to client assets and access to products, data and services rose to 52% of the total from 46% a year earlier as the company expanded into banking, asset management and infrastructure services, and it added AI as a fifth business pillar. There were signs of recovery: platform margin rose 12% from the second quarter, and adjusted earnings, still well below a year ago, improved as trading picked up. CoinDesk has previously reported talks with Wells Fargo and BNY, citing people familiar with the discussions. 2-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.