🚨️️ 😱😱 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.
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.
💥💥 $ZEC has been getting attention after jumping 12% during the post election crypto rebound. Meanwhile, the October U.S. jobs report has added another reason to watch the market closely.
The U.S. added 165K jobs against expectations of around 65K, while unemployment dropped to 4.1%. This could keep pressure on expectations for Fed rate cuts. I'm watching $BTC , gold and the dollar closely.