{
  "id": 19670668,
  "title": "Bitcoin slides toward $71K as Nvidia stock tumbles after Huang steps down",
  "url": "https://urgent.news/2026/11/12/bitcoin-slides-toward-71k-as-nvidia-stock-tumbles-after-huang-steps",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T15:46:06.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-price-drops-71k-stocks-nvidia-huang-resignation"
  },
  "original_language": "en",
  "account": "Bitcoin's value fell to its lowest level in nearly three months as tech stocks plummeted following the resignation of Nvidia CEO Jensen Huang. TradingView data revealed BTC/USD dipping below $72,000 for the first time since August 20, with month-to-date losses reaching 7.4%. Nvidia's stock plummeted nearly 13% in its initial trading session, leading to turmoil at the company. Colette Kress, current Executive Vice President and CFO of Nvidia, has been appointed as interim CEO until a permanent successor is found. Analyst Mohamed El-Erian stated that Huang's resignation is a \"significant development\" with potential implications beyond Nvidia itself, particularly as political investigations unfold. Despite the negative impact on Nvidia's shares, the Nasdaq Composite Index only saw a minor drop of 0.6% at the market open. Bitcoin's price fell below its 21-week simple moving average of $73,078, further indicating a downward trend. Crypto trading platform Material Indicators' founder, Keith Alan, emphasized that the immediate macro volatility catalyst beyond Nvidia would be Friday's US Producer Price Index (PPI) release. A lower-than-expected PPI report could potentially lead to a bullish market sentiment, while a report in line with expectations might result in a more stable price range. According to CoinGlass, BTC/USD had already cut through a patch of bid liquidity, with 24-hour crypto liquidations totaling $730 million.",
  "summary": "Bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}