Bitcoin Drops Below $68K as Nvidia Fallout Triggers Fresh Selloff

Bitcoin extended its slide on Friday, touching $67,500 at 01:54 EST — the lowest level in nearly three months. The drop follows the resignation of Nvidia’s former CEO Jensen Huang and comes after the coin had already fallen from $74,000 the previous day.

The move triggered more than $1.62 billion in liquidations across crypto derivatives, with long positions accounting for $1.46 billion of that total. Bitcoin longs alone lost over $901 million in a single day.

Major altcoins mirrored the weakness: Ethereum slipped to $1,910, XRP briefly broke below $1, and Solana fell to $78. Total crypto market capitalization shrank to $2.4 trillion.

Observers remain divided on the drivers. While some point to the U.S. midterms and Nvidia-related turbulence, others cite broader deleveraging, institutional selling and macroeconomic pressure as the real forces behind the cascade.

Based on information from cryptonews.net