🚨 BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS — $BTC CRASHES TOWARD $70,000
Bitcoin just lost $72,000 — and the trigger came from outside crypto entirely.
$BTC is trading near $70,257, down almost 5% in 24 hours and nearly 12% in two weeks, its lowest level since September. Ethereum is at $1,990, down 3.2%. More than $550 billion has been wiped off the total crypto market since October's highs, and the Fear & Greed Index sits at 29 — deep in fear.
Here is what happened overnight: Nvidia co-founder Jensen Huang resigned as CEO and chairman on Thursday with no warning. Nvidia shares fell as much as 13% intraday before closing down 4.3%, and US stocks slid with it — the S&P 500 down 0.35% and the Nasdaq down 0.39%.
The shock landed on a market that was already fragile. October CPI came in hot at 0.4% against 0.3% expected, and odds of a Fed rate hike on December 8-9 now sit near 90%. US spot Bitcoin ETFs saw $1.28 billion in net outflows last week — the biggest weekly exit since late June.
My take: this is a macro sell-off wearing a crypto costume. $BTC is now below its 200-day average of $73,137 and its 50-week average, and the daily RSI sits at 29.5 — deep in oversold territory. Oversold does not mean the bottom is in, but it does mean sellers are exhausted and any good news can snap the market back hard. Watch today's US PPI report at 8:30 AM ET: a hot print pushes real yields higher and $BTC lower, while a cool print could be the spark for a relief bounce.
Levels to watch: $70,000 is the psychological line in the sand. Lose it and $68,000 comes into play. Reclaim $73,137 and the panic starts to fade. A real recovery needs $75,000-$76,000.
Is this the bottom, or just the start of a deeper drop? Drop your view below.
Source: Coinotag, KuCoin News, Brave New Coin — 13 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
Bitcoin just lost $72,000 — and the trigger came from outside crypto entirely.
$BTC is trading near $70,257, down almost 5% in 24 hours and nearly 12% in two weeks, its lowest level since September. Ethereum is at $1,990, down 3.2%. More than $550 billion has been wiped off the total crypto market since October's highs, and the Fear & Greed Index sits at 29 — deep in fear.
Here is what happened overnight: Nvidia co-founder Jensen Huang resigned as CEO and chairman on Thursday with no warning. Nvidia shares fell as much as 13% intraday before closing down 4.3%, and US stocks slid with it — the S&P 500 down 0.35% and the Nasdaq down 0.39%.
The shock landed on a market that was already fragile. October CPI came in hot at 0.4% against 0.3% expected, and odds of a Fed rate hike on December 8-9 now sit near 90%. US spot Bitcoin ETFs saw $1.28 billion in net outflows last week — the biggest weekly exit since late June.
My take: this is a macro sell-off wearing a crypto costume. $BTC is now below its 200-day average of $73,137 and its 50-week average, and the daily RSI sits at 29.5 — deep in oversold territory. Oversold does not mean the bottom is in, but it does mean sellers are exhausted and any good news can snap the market back hard. Watch today's US PPI report at 8:30 AM ET: a hot print pushes real yields higher and $BTC lower, while a cool print could be the spark for a relief bounce.
Levels to watch: $70,000 is the psychological line in the sand. Lose it and $68,000 comes into play. Reclaim $73,137 and the panic starts to fade. A real recovery needs $75,000-$76,000.
Is this the bottom, or just the start of a deeper drop? Drop your view below.
Source: Coinotag, KuCoin News, Brave New Coin — 13 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
