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Bitcoin fell below $70,000 early Friday, touching its lowest level since Aug. 19, as a stronger dollar and rising Fed rate-hike odds weighed on risk assets, CoinDesk reported.

The largest cryptocurrency dropped to $69,000 and is down 17% this quarter, reversing much of the rally of the previous three months. Ether fell below $2,000 for the first time since August, XRP traded near $1, Solana slipped below $80 and smaller tokens including GT, Stacks and XMR fell 7% or more.

The Dollar Index traded above 103, its highest since April 2025, having risen nearly 2% since early October as expectations for Fed tightening firmed. Odds of a half-point December increase have increased since this week's hotter-than-expected October CPI reading.

Middle East tensions added to the pressure, with Iran's IRGC saying it destroyed a US early-warning radar in Bahrain in response to an air attack on a telecoms tower in Sirik, describing the strike as a serious warning to the aggressor enemy and demanding an end to what it called aerial provocations and oil smuggling in the Strait of Hormuz. WTI still traded around $88, slightly below Thursday's high of $89.15.

More than $1.3 billion of crypto futures bets were liquidated in 24 hours, of which bitcoin accounted for $677 million, according to Coinglass. Nearly $500 million occurred as BTC broke below $70,000, with the largest single liquidation a long BTC position worth more than $31 million on Hyperliquid.

Nvidia said it is still selecting a firm to search for a successor to ousted leader Jensen Huang and has not begun talks with potential chief executive candidates, tamping down speculation about who will run the chipmaker, Bloomberg reported.

"We have not formally engaged with any potential candidates," Nvidia said in a statement. "Any speculation regarding individual candidates, whether internal or external, is premature."

The statement followed a Financial Times report that the board had approached Arm Holdings Chief Executive Officer Rene Haas about the job. Arm shares fell nearly 10% in New York on Friday before paring the losses.

Nvidia, the world's largest chipmaker, officially cut ties with Huang on Thursday over a widening scandal involving extramarital affairs and reports that he was targeted by a suspected Chinese spy. He ran the company for three decades and built it into the powerhouse at the centre of the AI computing boom.

An open letter calling for the reinstatement of Jensen Huang as CEO of Nvidia ($NVDA) has gathered more than 77,900 signatures. The petition alleges that Huang was removed “without meaningful due process” and urges the board to reinstate him while an independent investigation establishes the facts. More than 41,900 of the signatories identify as shareholders, and over 5,200 are current or former Nvidia employees.

Elon Musk has publicly backed the effort. On November 13, 2026, he wrote on X: “A petition is underway to reinstate Jensen and I’m signing it too.” He appears as the lead signatory (listed as a shareholder) on the petition website standwithjensen.com and has stated his full support for Huang’s return to the company.

The signature list also includes Marc Andreessen, Y Combinator CEO Garry Tan (who confirmed on X that he signed), and a signature under the name “Yiming Zhang (ByteDance)” reportedly associated with ByteDance founder Zhang Yiming. The site notes that all identities are self-reported and unverified.

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