According to Bitcoin Magazine Pro, Bitcoin slipped to $71,000 on November 12, marking its lowest level since late August and the weakest session price as U.S. Treasury yields held above 5%. The asset fell below $72,000 at the market open before dropping to around $71,150 shortly after 10 a.m. Eastern, with the fresh session low hit near 6:23 p.m.

The decline coincided with U.S. stock market weakness and elevated bond yields. The 10-year Treasury yield rose about 12 basis points to 5.105%, reaching its highest level since October 21, after President Donald Trump said the United States does not need a deal with Iran. The Nasdaq Composite slipped 0.39%, the S&P 500 lost 0.35%, and the Dow Jones fell 0.36%, with Nvidia shares down 4.3% following CEO Jensen Huang's resignation announcement.

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