Bitcoin Slides Below $70K as Nvidia’s Huang Resigns
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Bitcoin (BTC) was trading near $66,755 on Saturday, November 14, 2026, after falling to $67,500 earlier in the day, according to CoinPaprika data. The slide put the asset below $70,000 for the first time in nearly three months and followed a week in which Cryptopotato noted Bitcoin had lost more than $13,000 in less than 10 days.
How the week unfolded
Bitcoin entered the week already nursing losses. Cryptopotato’s recap said a post-election rally had stopped at $81,000, sending the price to an then-11-week low just under $75,000 the previous Friday. Weekend trading was quiet between $75,500 and $76,000.
Monday brought a drop to $73,500. A recovery attempt failed, and attention turned to Tuesday’s consumer price data, which came in slightly higher on a month-over-month basis than expected. Bitcoin then fell below $73,000. A second rebound stalled at $74,800.
crypto.news reported Bitcoin at $72,467 on November 12, down 1.8% over 24 hours, after briefly trading above $74,500 earlier that day. The Huang resignation news landed the same day.
The two outlets differ slightly on timing and levels. cryptopotato.com framed the steepest leg down as happening in the 24 hours before its morning drop to $67,500, while crypto.news focused on the break below $73,000 on November 12. Both agree the direction was firmly down and that Nvidia’s turmoil coincided with the worst of the selling.
Why Nvidia’s CEO change hit crypto
Huang’s departure followed reports of two extramarital affairs, one involving a businesswoman suspected by US intelligence officials of connections to China, according to crypto.news. Nvidia’s board had initially defended Huang and opened an independent investigation, but reconsidered after further disclosures.
The wider concern is what a leadership change at Nvidia means for the AI infrastructure buildout. Bitcoin miners, notably MARA Holdings, have been repurposing operations toward AI computing, and Nvidia’s chips sit at the center of that market. As of crypto.news’s report, Nvidia’s board said customer commitments, operations and product development would continue without interruption under Kress.
crypto.news cited Hilbert Group CIO Russell Thompson warning that forced selling in AI and semiconductor stocks could push investors to liquidate crypto to meet margin calls. He identified $71,900 as a key support level, with a possible slide toward $65,000 if broken.
Market snapshot
According to CoinPaprika data fetched at 05:00 UTC on November 14, 2026, Bitcoin was at $66,755 (about ₹6,292,643), down 2.5% over 24 hours and 12.1% over seven days, with a market cap of $1.34 trillion. Ethereum was at $1,891 (₹178,268), down 1.3% on the day and 15.8% on the week, while Hyperliquid traded at $68.10 (₹6,419), down 3.8% and 13.8% respectively. USDT changed hands at ₹94.22 in India against a reference rate of ₹94.29 per dollar.
What it means for investors
Cryptopotato pointed to on-chain data suggesting retail capitulation, with the Fear and Greed Index reaching “extreme fear” days before the drop below $68,000. That same indicator has historically coincided with local bottoms, though past patterns are not guarantees.
Corporate treasuries have kept buying. Strategy’s holdings hit a new all-time high above 850,360 BTC after a 1,037 BTC purchase, and BitMine added more than 9,500 ETH, taking its stash above 6,070,000 tokens, Cryptopotato reported. Earlier BitcoinWorld reporting examined what falling Bitcoin prices mean for Strategy’s balance sheet. The drawdown also unfolded as the network works through a Bitcoin Core bug affecting block creation after reorganizations, which the project said may require nodes to be restarted.
What to watch
Nvidia’s third-quarter fiscal 2027 results are scheduled for November 17, and the report will be the first under interim CEO Kress. crypto.news also noted continued withdrawals from US spot Bitcoin ETFs, which have added to selling pressure. Bitcoin’s hold on $71,900, according to Thompson, is the level traders are watching.
Nothing in this article is financial advice. Cryptocurrency prices are volatile, and the levels described here reflect a single snapshot of an uncertain market.
Frequently Asked Questions
Why did Bitcoin fall below $70,000?
Cryptopotato reported repeated drops during the week after stronger-than-expected inflation data and the resignation of Nvidia CEO Jensen Huang. Both events weighed on technology and cryptocurrency assets at the same time.
Did Jensen Huang resign from Nvidia?
Yes. Huang resigned as CEO and board member on November 12, 2026, according to crypto.news. Chief Financial Officer Colette Kress was appointed interim CEO while the board searches for a permanent replacement.
How much have altcoins fallen this week?
Cryptopotato reported weekly losses for most major altcoins, including ZEC at 31%, ETH at 14%, XRP at 15%, SOL at 13%, and ENA at 20%. Internet Computer was the notable exception, gaining 4.8%.
What are the main sources for this article?
This article draws on Cryptopotato’s weekly recap and crypto.news’s report on Jensen Huang’s resignation and Bitcoin’s move below $73,000.
Sources: CryptoPotato, crypto.news
