Bitcoin price crashes below $70K as crypto liquidations hit $1.2B
Bitcoin price drops below $70,000 as a stronger dollar, Nvidia's CEO resignation, ETF outflows and more than $1.2 billion in liquidations hit crypto.
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Bitcoin falls to 12-week low, Strategy and Metaplanet to lose MSCI index membership, and more
In today's newsletter, bitcoin falls to 12-week low as Jensen Huang's exit from Nvidia rattles markets; Strategy, Metaplanet to lose MSCI index membership on Nov. 30; and more.
Bitcoin plunges below $70,000 as liquidations reach $622M
The sharp Bitcoin drop highlights the volatility and risks in leveraged crypto trading, potentially deterring mainstream investor confidence.
Crypto Hits 'Extreme Fear' as Bitcoin (BTC) Price Loses $70,000
Bitcoin's sell-off is intensifying, with leveraged bullish traders suffering more than $1 billion in liquidations.
Grayscale Finds Crypto Sectors Less Tied to BTC, More Volatile
Crypto sectors in Grayscale’s breakdown show annualized volatility from 49% in Currencies to 85% in Artificial Intelligence, above Bitcoin’s roughly 43% realized volatility.
Grayscale says crypto sectors are drifting away from Bitcoin’s orbit
The decreasing correlation with Bitcoin suggests crypto sectors may offer more diversification but also come with higher volatility risks.
Lightning Labs launches pi402 so AI agents can buy inference with Bitcoin
AI agents autonomously purchasing compute power with Bitcoin could revolutionize digital transactions, reducing human intervention and enhancing efficiency.
Bitcoin Faces Two Red Years For the First Time Ever
▶Bitcoin Magazine Bitcoin Faces Two Red Years For the First Time Ever Bitcoin has never posted back-to-back losing years, but 2026 could change that.
Strategy stock sheds 5% amid MSCI index removal, Bitcoin sell-off
Strategy shares declined Thursday following MSCI’s decision to remove the company from its indexes, as Bitcoin also fell amid a broader crypto market decline.
Strategy Made $19.5 Billion in Profit. So Why Is MSCI Removing It From Stock Indexes?
Michael Saylor’s Bitcoin giant is being excluded from major investment benchmarks, raising questions about what qualifies as a business—and whether the decision could slow its Bitcoin buying.
Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing
▶Bitcoin Magazine Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing NVIDIA CEO Jensen Huang has resigned after the company's board met to discuss possible removal, and BMTV hosts Grace Remington and Sean Hagan walk through what that means for…
Bitcoin Tumbles to $71K as Jensen Huang Exit Triggers Nvidia Sell-Off
Nvidia announced on November 12 the immediate resignation of Jensen Huang after 33 years of leadership; its shares fell up to 10% in premarket trading, bringing its valuation close to $3.8 trillion.
Bitcoin Loses Key 200-Day Average: Is $67,000 Next?
Bitcoin lost its 200-day moving average as Fed hike odds hit 100% and ETF outflows grew. Is $67,000 the next support?
JPMorgan Bought More MicroStrategy Before MSCI Exit, Plus Insurance Against a Drop
JPMorgan held 36% more MicroStrategy shares before MSCI's cut, plus 60% more put options that insure against a drop.
Why the Path to Quantum Resistance Runs Uphill for Bitcoin Wallet Makers
Trezor CTO Tomáš Sušánka explains the trade-offs of Bitcoin’s leading post-quantum signature scheme.
Peter Schiff on the Bitcoin Crash: “Get the Hell Out”
▶Bitcoin Magazine Peter Schiff on the Bitcoin Crash: “Get the Hell Out” Challenged on why two or three down years would matter for Bitcoin when gold and the Nasdaq have had similar streaks before recoveries, Peter Schiff says the difference is the backdrop.
Can Bitcoin Hit $1 Million? ChatGPT AI Predicts When and How
The idea of Bitcoin reaching $1 million per coin has moved from an internet meme to a serious long-term discussion among investors, fund managers, and corporate treasurers.
Onramp Launches Business Bitcoin Accounts With Team Withdrawal Approvals
Onramp’s new business account adds named users and withdrawal approvals. Its more expensive Treasury tier introduces a separate multi-institution custody arrangement.
Bitcoin Crash Coming? Analyst Revisits 2014, 2018, and 2022 Pattern Ahead Of Midterm Elections
Bitcoin (BTC) could face another significant correction as the November 3 U.S. midterm elections approach, with analysts pointing to a historical pattern that has coincided with major BTC price declines during previous election cycles.
Simon Dixon: What It Would Take for Me to Sell My Bitcoin for Gold
▶Bitcoin Magazine Simon Dixon: What It Would Take for Me to Sell My Bitcoin for Gold Simon Dixon, CEO and co-founder of BnkToTheFuture, tells BMTV there are only three things that would make him sell all of his Bitcoin and buy gold.
Fold’s Bitcoin Gift Cards Gain Traction as Q3 Revenue Reaches $4.2M
Fold says TikTok Shop helped expand its Bitcoin gift-card business as it shifts toward retaining customer balances. Its latest quarter still produced a net loss.
Why is Bitcoin down today? Bitcoin price hits 12-week low as MSCI drops Strategy
Bitcoin price fell to its lowest level in about 12 weeks on Thursday, November 12, as index provider MSCI confirmed it will drop Strategy from its benchmarks, spot ETF outflows stretched to a fifth day, and a slump in Nvidia shares hit risk appetite.
Bitcoin falls to 12-week low as Jensen Huang’s exit from Nvidia rattles markets
Bitcoin fell as low as $71,200 as Jensen Huang quit Nvidia and MSCI confirmed Strategy's removal, with $750M in crypto positions liquidated.
Top 3 Risks That Could Trigger Crypto Market in the Next 36 Hours
The crypto market fell 3.36% over 24 hours to $2.39 trillion as Bitcoin dropped to a 12-week low. More than $550 billion in market value has disappeared since crypto prices peaked in October.
BlackRock's bitcoin fund loses $269.73M as nine-day exit passes $2B
BlackRock's IBIT lost $269.73 million on November 11, its ninth straight day of outflows, taking withdrawals since October 30 past $2 billion.
Canaan Revenue Falls 90% as Bitcoin Holdings Take a Bigger Role in Capital Plans
Reading hardware sales, treasury decisions and operating results together gives a clearer view of Canaan’s changing capital priorities.
Bitcoin Price Analysis: Can BTC Hold $70K After a Brutal $10K Weekly Drop?
Bitcoin is approaching the lower boundary of its broader ascending channel after extending its decline toward $71K. Buyers have responded near short-term demand, but failed recoveries and heating futures activity leave the market vulnerable to further volatility.
Crypto Stocks To Watch After U.S. Jobless Claims Rise Above Expectations
The crypto stocks MSTR, CRCL and COIN fell Thursday after U.S. jobless claims came in above expectations. Strategy led the declines, losing 6.08% to $114.91 as Bitcoin weakened before the opening bell.
JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs
JPMorgan Lifts Its Strategy (MSTR) Stake 36% and Holds $540 Million in Bitcoin ETFs A 13F filed Thursday shows JPMorgan held 848,932 Strategy shares, up 36% from June, and 11.4 million IBIT shares worth $540 million at Sept. 30, weeks before MSCI's index exit.
Why Strategy’s MSCI removal could spell trouble for Bitcoin’s Q4 outlook
MSTR's removal from MSCI indexes raises fresh concerns over institutional selling and the outlook for corporate Bitcoin treasuries.