BTC Drops Then Rebounds Near $74K as Nvidia Scandal Sparks $1B Liquidations
Bitcoin fell to about $73,761 over the November 8–9 weekend, its lowest level since August, then rebounded to around $74,000. Ether and other major tokens also dropped and partially recovered. More than $1 billion in crypto positions were liquidated in 24 hours, including roughly $913 million in longs; ETH liquidations reached about $448 million. The sell-off followed risk-off headlines, including Nvidia’s investigation into CEO Jensen Huang’s personal relationship with a woman suspected by U.S. intelligence of ties to Beijing, alongside stalled U.S.-Iran talks. Bitcoin remained just above its 200-day moving average near $73,151. The moves underscored crypto’s sensitivity to technology stocks and broader risk sentiment, as traders awaited the U.S. equity-market reaction.
