Bitcoin Below $70K as Rate Risks Persist | Kraken Parent Reports $487M Margin | Unocoin’s Account Freeze Explained | Daily Crypto Roundup.

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Welcome back to the Daily Crypto Roundup. Bitcoin has broken below $70,000, and a softer monthly inflation number has not settled the argument about higher interest rates. Kraken's parent is revealing how it earns money when trading slows. Artificial intelligence payments are getting a new competitor. And stay with us for an exchange freeze that did not prevent transactions leaving a wallet. It is Friday, November 13th. Bitcoin is about $68,696, down 4.7% over 24 hours. Ethereum's Ether is $1,934, down 4.3%.

BNB, the BNB chain token, is $632.03, down 4.1%.

XRP is about $1.02, down 1.3%.

Solana is $79.90, down 2.7%.

Bitcoin has the largest decline among those five, with Ether close behind. That is a rolling 24-hour comparison, rather than a change since midnight. Subscribe for the daily roundup and tell us which of today's developments changes how you think about holding crypto.

This is not financial advice. Crypto trading involves risk of loss.

New Kraken users who sign up using our link in the description can claim 20 XRP from Crypto News Today. Availability and eligibility vary by region. The 20 XRP is supplied by Crypto News Today, not Kraken. Follow Crypto News Today on X at Crypto News HQ. We are getting more active there and would like you in the conversation. The biggest development is Bitcoin's return to levels last visited in August. Today's break below $70,000 puts the market back near a long-term reference point just as investors reassess the cost of borrowing. Coindesk reported more than $1.6 billion in leveraged positions liquidated over its 24-hour measurement window, overwhelmingly positions betting on higher prices. That describes forced closures, not $1.6 billion disappearing from ordinary spot wallets. But forced selling can make an already-nervous market move further and faster.

Then came today's producer inflation release. The United States Bureau of Labor Statistics reported a 0.3% monthly increase for October, below the 0.4% economists expected. The annual increase was 6.5%.

Excluding food, energy and trade services, prices increased 0.5% on the month. That combination matters. A smaller headline monthly rise offers some relief, while the broader figures leave a reason for the Federal Reserve to remain restrictive. Christopher Rupke, chief economist at FWD Bonds, told Reuters, There is no silver lining in the report. That is his interpretation. The below-forecast headline is the strongest immediate counterargument. Keep the sequence straight. Bitcoin's sell-off was already underway before this release. Today's inflation figures did not start every move you saw on your screen. My reading is that the market still needs evidence that borrowing conditions will improve, alongside buyers willing to absorb sales without relying on leverage. Keith Allen, co-founder of Trading Analytics Platform Material Indicators, offered a specific test today.

He said a weekly relative strength index below 41.5 would open the possibility of revisiting $57,700.

That is a conditional forecast, not a destination the market has booked. Holding that momentum level and reclaiming the roughly $68,000 long-term moving average would weaken the bearish interpretation. For you, the distinction is between a brief bounce and a recovery that survives the weekly close.

Would a return above $70,000 convince you, or would you want to see it hold through Sunday's close? Today's company disclosures offer another test of resilience. Today, Payward, Kraken's parent, released its third quarter figures, also reported by CoinDesk. Its total platform margin was $487 million, down 12% from a year earlier, but up 12% from the previous quarter.

Income linked to client assets and access to products, data and services accounted for 52% of the total, compared with 46% a year earlier. There is an accounting wrinkle. Total platform margin replaces adjusted revenue and deducts client staking rewards and trading costs. Comparing it casually with an older revenue headline could give you the wrong impression. We have a Kraken affiliate relationship. Our editorial question is whether diversification cushions can lead to weak trading without adding excessive risk. More income sources could support customer services. They do not establish profitability or asset safety. Payward also outlined plans involving an AI finance agent. Those remain plans. The next financial disclosure needs to show comparable margins, costs and earnings. A reversal in earnings would challenge the resilience argument. For Bitcoin miners, resilience can look different again.

PowerCompute, formerly LM Funding America, published results today showing third-quarter Bitcoin production increased about 36 percent, while revenue fell to $1.9 million from $2.2 million a year earlier.

More coins did not offset the lower average value of each coin mined. The company reported roughly $400,000 in net income, but about $900,000 in operating losses.

Valuation gains helped the bottom line. Mining shares carry electricity, equipment and financing costs alongside exposure to Bitcoin. Chief executive Bruce Rogers said, We now use Bitcoin as working capital rather than collateral. Today's release also disclosed a $1 million purchase of 600 replacement miners, with deployment expected by mid-December and around 10 percent more active computing power. That is a management target. Higher network difficulty could absorb the benefit, and the release flags substantial doubt about the company's ability to continue as a going concern.