The emperor of the AI world has resigned, and Bitcoin has followed it down to its lowest level since August.
Nvidia CEO Jensen Huang resigned on Thursday, with the CFO stepping in on an interim basis. $NVDA closed at $166.19, down 4.34%. It fell as much as 14.3% intraday, with 734 million shares traded—423% above the three-month average. Its market cap fell below $4 trillion for the first time since July 2025; more than $550 billion has been wiped out since the board announced an investigation on Sunday.
The money hasn’t left; it’s changing hands: AMD and Broadcom rose more than 4% on the same day, while CoreWeave reversed course and fell 9.1%, after jumping 27% the day before.
$BTC is now at $71,518, down 2.95% in 24 hours, after hitting a low of $71,255 overnight. $ETH is at $2,019, having dipped to $1,983.82 and fallen below the $2,000 mark again. BNB fell 3.54% to $655.50.
Options on about $2.8 billion worth of BTC and ETH expire today. BTC’s max pain point is $76,000, $4,500 above the current price.
The next points to watch: U.S. October PPI at 21:30 tonight; Nvidia’s earnings on November 17, when the interim CEO will face the market for the first time. This is not investment advice.
Nvidia CEO Jensen Huang resigned on Thursday, with the CFO stepping in on an interim basis. $NVDA closed at $166.19, down 4.34%. It fell as much as 14.3% intraday, with 734 million shares traded—423% above the three-month average. Its market cap fell below $4 trillion for the first time since July 2025; more than $550 billion has been wiped out since the board announced an investigation on Sunday.
The money hasn’t left; it’s changing hands: AMD and Broadcom rose more than 4% on the same day, while CoreWeave reversed course and fell 9.1%, after jumping 27% the day before.
$BTC is now at $71,518, down 2.95% in 24 hours, after hitting a low of $71,255 overnight. $ETH is at $2,019, having dipped to $1,983.82 and fallen below the $2,000 mark again. BNB fell 3.54% to $655.50.
Options on about $2.8 billion worth of BTC and ETH expire today. BTC’s max pain point is $76,000, $4,500 above the current price.
The next points to watch: U.S. October PPI at 21:30 tonight; Nvidia’s earnings on November 17, when the interim CEO will face the market for the first time. This is not investment advice.
