Nvidia announced that co-founder Jensen Huang had resigned as president, CEO, and director effective immediately. CFO Colette Kress will also serve as interim CEO, while the board appointed Harvey C. Jones as its first chairman and began searching for a permanent CEO. Nvidia said it does not expect any disruption to operations.
The news rattled AI risk assets. Cointelegraph and Decrypt reported that Nvidia shares fell more than 13% at one point after the opening bell, hitting an intraday low of $148.80 before paring losses to about 5%. BTC fell 3.5% over the same period, dropping below $72,000 to its lowest level since August 20. Crypto liquidations totaled about $730 million over 24 hours.
Binance Nov 13, 05:04 snapshot: BTC $71,444 (-4.246%), 24-hour range $71,255–$74,811. Personal view: If it reclaims $72,727 on the 4-hour chart and holds above $73,078, consider a long, targeting $74,000 and $74,811, with a stop-loss at $71,255; if it breaks below $71,255 and fails to reclaim $72,700 on a bounce, look toward $70,500 and $69,800, with a stop-loss at $73,100.
The next test is Nvidia’s Nov 17 earnings report, and whether Kress can steady expectations for customer demand and capital spending. AI stocks are still being hit by valuation cuts, making it difficult for BTC to rally on its own. Would you wait until after the earnings report to trade?
$BTC
The above content does not constitute investment advice