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Bitcoin falls below $72,000 amid Nvidia CEO resignation and tech stock sell-off

Market News
12 Nov 2026, 17:59 WIB
Tokenpost
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Bearish
Bitcoin falls below $72,000 amid Nvidia CEO resignation and tech stock sell-off

Bitcoin dropped below $72,000, its lowest since August 20, following a nearly 13% plunge in Nvidia shares after CEO Jensen Huang resigned. Nvidia appointed CFO Colette Kress as interim CEO while searching for a permanent replacement. The tech sell-off and higher-than-expected October CPI data raised concerns about further Federal Reserve rate hikes, impacting market sentiment. Bitcoin also fell below its 21-week moving average, signaling potential further weakness.

As of Nov 12, 2026 23:22 WIB, Bitcoin trades at Rp1.308.084.149 on Pluang, down 2.41% over the past day. This price is below its 21-week moving average mentioned in the news and contrasts with a strong buy sentiment on Pluang, where 72% of orders are buys. Bitcoin’s circulating supply is near maximum at 20.1M out of 21M BTC, highlighting its scarcity as it moves lower amid tech sector concerns.

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