Bitcoin slid to just under $71,000 on November 12, 2026, its lowest point since August.
The drop followed NVIDIA announced that Jensen Huang had resigned as president, CEO and a member of its board, effective immediately and a wave of withdrawals from spot Bitcoin ETFs.
In just 24 hours, Bitcoin lost nearly 4%, briefly hitting $71,670.
Bitcoin correlation with Nasdaq-100 hits 0.72
Lately, Bitcoin has been moving more in sync with big tech stocks like those in the Nasdaq-100: their correlation hit 0.72 by November 9.
When investors pulled out $1.44 billion from Bitcoin ETFs over five days (with BlackRock's fund alone seeing $269.7 million leave in one day), it added extra pressure to both markets.
Even though NVIDIA's stock plunged 18.8%, market data suggests Huang's exit wasn't the direct cause of Bitcoin's slide: it was more about how closely these markets are now connected.