Bitcoin dropped under $72,000 on Thursday, Nov. 12, 2026. It had not traded below that level since Aug. 20. The fall came after the US stock market opened and tech shares lost ground following Nvidia CEO Jensen Huang's resignation.
Cointelegraph, citing TradingView data, reported that BTC was down 7.4% for the month so far. Its price table listed BTC at $71,233.08, down 3.88%, and ETH at $2,013.32, down 2.42%.
Other large coins in the same table were lower too. XMR showed the biggest drop at 6.10%, at $547.36. BNB was down 3.76% at $656.50 and SOL was down 2.63% at $81.53. HYPE was up 0.65% at $72.72.
The report does not say whether Bitcoin's price is directly tied to Nvidia. It only places the two moves on the same day. It does not explain why Huang stepped down.
For anyone already holding a Bitcoin perpetual on Bitget, Bybit, MEXC or OKX, the report has nothing directly about funding rates, fees or order-book liquidity. Trading fees do not change because the price fell. What does change is the price your margin is measured against, and the report does not say how funding responded on any exchange.
Source: cointelegraph — Bitcoin slides toward $71K as Nvidia stock tumbles after Huang steps down
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