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Bitcoin hits 12-week low as Jensen Huang's exit from Nvidia unsettles markets

Bitcoin dipped to about $71,200 after the Nvidia CEO's departure. Nvidia shares opened down 12%, while MSCI plans to drop Strategy from its indexes.

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what happened

According to The Block, bitcoin fell to around $71,200 on Thursday, its lowest level in nearly 12 weeks. Ethereum, Solana and XRP also lost more than 3.5% over the past day. CoinGlass data show more than $750 million in crypto positions were liquidated over 24 hours, with over $634 million of that in long positions.

Sentiment was also hit by the resignation of Jensen Huang as Nvidia's president, CEO and board member, effective immediately. CFO Colette Kress was named interim CEO. Nvidia shares opened down 12%. Separately, MSCI confirmed it will remove Strategy from its indexes on November 30, a move that could trigger passive selling in the stock, which is seen as a bitcoin proxy.

Jasper De Maere, an OTC trader at Wintermute, said that without large buyers the majors need ETF inflows to support prices.

why it matters

Weak demand and uncertainty around Nvidia and Strategy are weighing on both crypto and the tech sector. Investors will watch bitcoin ETF flows and the MSCI decision, which could shape the next move in prices.

market impact

Bitcoin and Nvidia shares: pressure from weak demand and leadership uncertainty

  • Bitcoin pressure down — weak ETF inflows and the risk of passive selling after Strategy's MSCI index removal
  • Nvidia shares pressure down — leadership uncertainty after the sudden resignation of CEO Jensen Huang

tags

Crypto

instruments

Bitcoin ↗Ethereum ↗Solana ↗XRP ↗Nvidia ↗Strategy (MSTR)

on polymarket

Will Bitcoin dip to $70,000 in November?79%Will Bitcoin dip to $45,000 by December 31, 2026?4.9%Will Bitcoin dip to $71,000 on November 12?71.5%

sources

  1. Bitcoin falls to 12-week low as Jensen Huang’s exit from Nvidia rattles markets — The Block, 12 November 2026 at 17:40 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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