🚨️️ 😱😱 HUGE Breaking : NVIDIA CEO Jensen Huang reportedly had an intimate relationship with a second employee, bringing the alleged total number of women involved in extramarital affairs to three.
😱🚨 Bitcoin fell below $72,000 on Thursday, reaching its lowest level since August 20 as a major tech-sector sell-off added pressure to crypto markets.
The catalyst was Nvidia’s reported CEO departure. Co-founder Jensen Huang reportedly resigned, sending NVDA shares down nearly 13% at the Wall Street open. CFO Colette Kress has taken over as interim CEO while the board searches for a permanent successor.
The wider market felt the pressure:
Nasdaq Composite: Down 0.6%.
Crypto liquidations: Around $717M in 24 hours.
$BTC : Fell below its 21-week moving average near $73,078.
🔎 Next major catalyst: Friday’s US Producer Price Index (PPI). Cooler inflation data could ease concerns about further Fed rate hikes.
$BTC Lost $8K in a Week. Here's What Might Be Behind It.
Last Wednesday, Bitcoin was trading above $81,000. This week, it slipped below $73,000. That's a pretty sharp reversal
We already know about ETF outflows and macro uncertainty. But CryptoPotato highlighted three less obvious factors worth looking at.
💧 1. Less stablecoin liquidity
USDT's market cap has reportedly fallen by around $6.6B over the past couple of months.
That could mean less readily available capital for buying crypto, although a smaller stablecoin supply doesn't automatically mean investors have stopped buying.
2. Too many leveraged longs
One liquidation model showed roughly $580M in long positions exposed to liquidation, compared with less than $150M in shorts, within a 10% price move.
When prices fall, forced liquidations can make the decline even sharper.
🤖 3. The Anthropic IPO effect?
Here's the unusual theory. Anthropic's upcoming IPO could attract capital and attention away from other risky assets.
Possible? Sure. Proven? Not really.
And that's where I'd be careful.
I find the liquidity and leverage data much more convincing than the IPO explanation. Big market events can overlap without one necessarily causing the other.
What concerns you more right now: shrinking liquidity or excessive leverage?
House Democratic leader Hakeem Jeffries called for a full congressional briefing on Nvidia CEO Jensen Huang’s reported ties to a Chinese businesswoman allegedly linked to Beijing and urged tighter restrictions on US chip sales to China.
Miami-Dade County has begun accepting Bitcoin payments for property taxes online and in person, with all transactions automatically converted into US dollars.
🚨 $BTC at a make or break level — bounce or breakdown?
Bitcoin is trading around $74,800, holding just above the 200-day moving average ($73,194) after dumping from $87K down to the $73,400 low.
📊 Chart structure:
• Price is well below the 50-day MA ($81,466) — the trend is still bearish
• RSI (14) is at 32.3 — near oversold, sellers are getting exhausted
• MACD is still bearish, but momentum is slowing right into the demand zone
🔑 Key levels:
Resistance: $75,500–$76,200 zone, then $81,200 (50-day MA area)
Support: $73,200–$73,400 demand zone (30-day low), then $70,000
📈 Trade plan — long the bounce from demand:
Entry: $73,600
TP1: $76,200 | TP2: $81,200
SL: $72,900
RR: ~3.7 to TP1
View: Cautiously bullish for a bounce while $73,400 holds. A daily close below $73,400 flips it bearish — $70K comes into play fast. Reclaim $76,200 and momentum shifts toward $81K.
Nvidia CEO Jensen Huang has been asked to testify before Congress over national security concerns following reports of his affair with an alleged Chinese intelligence asset.
Vitalik Buterin says $ETH should focus on being a store of value rather than a fee-burning token, arguing that its value comes from decentralization and stability.