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Bitcoin plunges below $74,000 as $1B liquidations hit amid Nvidia scandal and stalled Iran talks

Market News
09 Nov 2026, 09:30 WIB
Bitcoin
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Bearish
Bitcoin plunges below $74,000 as $1B liquidations hit amid Nvidia scandal and stalled Iran talks

Bitcoin's price dropped sharply from $75,690 to $73,477 within 15 minutes on November 8, marking its lowest level since August. This sudden decline triggered over $1 billion in liquidations, with Ethereum traders facing even greater losses. The drop was linked to weekend news including Nvidia CEO's scandal and stalled Iran nuclear talks, hitting thin markets and causing a rapid selloff. Despite the plunge, buyers quickly stepped in, and Bitcoin stabilized near $74,500, but market sentiment remains fearful with predictions of further declines before November ends.

Bitcoin's recent sharp price drop triggered over $1 billion in liquidations. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 09, 2026 13:51 WIB: out of 50 major cryptocurrencies, only 6 rose while 43 fell. Notable movers include Kusama (KSM) down 3.99% at Rp55.878 with a typical hold time of 81 days, Filecoin (FIL) down 3.95% at Rp13.633 with 84% sell orders and a 100-day hold time, and Cardano (ADA) down 3.81% at Rp3.131 with 74% buy orders and a 128-day hold time.

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