News report ₿ Crypto 🌍 United States

Bitcoin Slides to $71K as Nvidia Stock Tumbles 7.2% After CEO Resignation

Bitcoin hit multimonth lows below $72,000 following Nvidia CEO Jensen Huang's resignation, which triggered a 7.2% slide in Nvidia stock and $730 million in crypto liquidations.

📅 November 12, 2026 🕐 1 min read

3 assets impacted (Stocks, Crypto). Net bias: 0 Bullish, 3 Bearish, 0 Neutral. Strongest signal: NVDA ↓ 8/10 (90% confidence).

📊 Affected Assets (3)

NVDA

Bearish 🤖 90%

📅 Short-term 🌍 US · Explicit

CEO Jensen Huang's immediate resignation forced CFO Colette Kress to take over as interim CEO, sending NVDA down nearly 13% at the Wall Street open, later trading around $160, down 7.2%. Uncertainty over a permanent successor and looming political investigations keep pressure on the shares.

Catalysts

▼ Immediate resignation of CEO Jensen Huang on Thursday
▼ Colette Kress named Interim CEO while remaining CFO

Risk Factors

▲ Stock rebounded from a low of $148.80 to around $160, showing dip-buying interest
▲ A permanent CEO appointment could stabilize sentiment

BTC

Bearish 🤖 85%

📅 Short-term 🌍 GLOBAL · Explicit

BTC dropped below $72,000 for the first time since Aug. 20, down 3.5% on the day and 7.4% month-to-date, as Nvidia's CEO resignation rattled risk assets and $730 million of liquidations hit. The fall below the 21-week SMA at $73,078 adds technical pressure, though Friday's PPI print could flip sentiment if it cools rate-hike odds.

Catalysts

▼ Huang's immediate resignation dragging tech stocks lower on Thursday
▼ $730 million in 24-hour crypto liquidations

Risk Factors

▲ A cooler-than-feared PPI report could lower odds of aggressive December/January rate hikes and turn the market bullish
▲ In-line PPI could see price merely range around nearby liquidity patches

COMP

Bearish 🤖 70%

⚡ Intraday 🌍 US · Explicit

Turmoil at Nvidia dragged tech stocks lower at Thursday's open, though the Nasdaq Composite avoided major losses, trading just 0.6% down. Continued uncertainty around Nvidia and its political investigations, plus upcoming PPI data, could pressure the index further.

Catalysts

▼ Nvidia turmoil hitting tech stocks at Thursday's open
▼ Tuesday's above-expectations CPI raising rate-hike expectations

Risk Factors

▲ Index avoided major losses at the open, down only 0.6%

🧭 Full analysis of these assets

🎯 Key Takeaways

Bitcoin fell 3.5% on Thursday, marking its lowest level since Aug. 20 and bringing month-to-date losses to 7.4%.
Nvidia stock dropped 7.2% to $160 after CEO Jensen Huang resigned, with CFO Colette Kress named interim CEO.
Crypto market liquidations reached $730 million over the 24-hour period.
Bitcoin fell below its 21-week simple moving average of $73,078.
The Nasdaq Composite Index traded 0.6% lower despite the volatility in Nvidia shares.

📝 Executive Summary

Bitcoin dropped to its lowest level since Aug. 20, falling 3.5% on Thursday as markets reacted to the immediate resignation of Nvidia CEO Jensen Huang. Nvidia shares plummeted as much as 13% at the open before recovering to $160, while $730 million in crypto liquidations hit the market. Investors are now looking to Friday's US Producer Price Index data for potential volatility cues.

❓ FAQ

NVDA · Why did Nvidia stock fall?

Nvidia fell as much as nearly 13% at the Wall Street open after CEO Jensen Huang resigned immediately, with CFO Colette Kress appointed interim CEO until a permanent successor is named.

NVDA · How deep were the losses?

The stock fell as low as $148.80 before rebounding to around $160, still down 7.2% on the day at the time of writing.

BTC · Why did Bitcoin fall below $72,000?

Selling pressure returned to US equities after Nvidia CEO Jensen Huang's immediate resignation, dragging Bitcoin to its lowest level since Aug. 20 with 3.5% daily losses and $730 million in liquidations.

BTC · What could change Bitcoin's direction?

Friday's US Producer Price Index release: a cool report that lowers odds of aggressive rate hikes in December/January could flip the script bullish, while an in-line print likely keeps price moving between nearby liquidity zones.

COMP · Did the Nasdaq fall as hard as Nvidia?

No. Despite Nvidia's plunge, the tech-heavy Nasdaq Composite Index avoided major losses at the open, trading 0.6% lower at the time of writing.

📰 Related Articles

🏷️ Tags

📰 Source

🔗 View Original Article