bitcoinNovember 12, 2026
Bitcoin Falls Toward $71,000 Amid Nvidia and Strategy News
On November 12, bitcoin continued to decline and dropped to $71,300, its lowest level since August. Several factors weighed on the market at the same time: the resignation of Nvidia head Jensen Huang, Strategy's removal from MSCI indexes, outflows from spot ETFs and expectations of further rate hikes in the US.
The pressure on the leading cryptocurrency came from both corporate and macroeconomic events. The departure of Nvidia's chief and the change in MSCI index composition affected Strategy, while spot ETF outflows and the prospect of higher rates added to the negative backdrop.
For people holding or exchanging cryptocurrency, this means bitcoin's price is currently sensitive to news around major technology companies and to expectations about US rates.