Bitcoin Slides to Three-Month Low After Nvidia CEO Exit

Bitcoin dropped to its weakest level in nearly twelve weeks as fresh uncertainty hit global markets. The coin lost over 3.5 % in a single day and almost 8 % for the week, while Ethereum, Solana and XRP each fell more than 3.5 % in twenty-four hours.

Two events triggered the move: the abrupt resignation of Nvidia chief Jensen Huang and MSCI’s decision to remove Strategy and Metaplanet from its indexes after the close on 30 November. Nvidia shares opened Thursday down 12 %, with CFO Colette Kress stepping in temporarily.

CoinGlass data shows more than 750 million dollars in liquidations, 634 million of them long positions. Traders are now watching the upcoming US producer-price index and weighing how broader macro shifts will affect digital assets.

Based on information from cryptonews.net