Update
BTC Drops Then Rebounds Near $74K as Nvidia Scandal Sparks $1B Liquidations
BTC drops sharply over the weekend of November 8–9, 2026, reaching its lowest level since August before rebounding. The drop, which wiped out more than $1 billion in leveraged positions, was driven by two uncomfortable headlines: an investigation into Nvidia CEO Jensen Huang’s personal relationship with a woman U.S. intelligence agencies suspect of ties to Beijing, and stalled U.S.-Iran diplomatic talks. The episode highlighted the correlation between crypto and technology stocks, with Nvidia shares declining more than 4% in pre-market trading.